Same-day courier firm CitySprint is set to be sold for £250m


Same-day courier firm CitySprint is set to be sold for £250m just two years after investment company bought it

  • An investment firm backed by Lloyds is mulling a sale of CitySprint
  • Sources said Lloyds has hired bankers to carry out a ‘strategic review’ 
  • It is not clear which companies might be interested in purchasing CitySprint 

Ben Harrington, Financial Mail on Sunday

One of Britain’s largest same-day courier companies is set to be sold for up to £250 million by an investment company backed by Lloyds Banking Group.

Sources said Lloyds Development Capital, a division of Lloyds, has hired bankers from Raymond James to carry out a ‘strategic review’ of CitySprint, which may lead to a sale.

CitySprint is set to be sold for up to £250 million by an investment company

CitySprint is set to be sold for up to £250 million by an investment company

CitySprint is set to be sold for up to £250 million by an investment company

It is not clear which companies might be interested in purchasing CitySprint but past reports suggest Royal Mail could make a move.

Lloyds Development Capital’s appointment of Raymond James surprised some dealmakers as it only purchased the business from rival buy-out firm Dunedin a couple of years ago for £175 million.

CitySprint has been growing via acquisitions including Heathrow Baggage Services.

Lloyds Development Capital declined to comment. 



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