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...He was chief executive of Ocean Group, which became Exel, from 1994 to 2000....
...He also has considerable knowledge of logistics, through his time as chief executive of Ocean Group, which became Exel, from 1994 to 2000....
...In 2005, for example DHL of Germany took over the UK’s Exel in a deal worth about €5.9bn, but for the most part deals have been smaller in size as logistics companies have filled in specific service and...
...In 2005, DHL took over the UK’s Exel, while in 2009 DHL pulled out of services in the US, leaving the market there to UPS and FedEx....
...In 2004, the UK’s Tibbett & Britten was acquired by US-based Exel, which the following year was bought by Deutsche Post, which had already acquired DHL Express....
...As head of Exel, the UK logistics company, Mr Allan was behind the £3.7bn ($5.5bn) sale to Deutsche Post in 2005....
...Deutsche Post’s £3.7bn to acquire Exel, the UK-based logistics group, in 2005 has so far been the biggest deal in the sector....
...Other positions held include managing a private equity-backed hospital chain, head of Europe for Exel, the logistics group, and leading Monitor, a management consultancy....
...He joined the company after Deutsche Post bought Exel, the UK logistics firm of which he was chief executive, in 2005....
...Montagu Private Equity bought the 110-year-old company last year for just £205m from logistics group Exel. Deutsche Bank has been appointed to handle the sale and an auction process has started....
...price of €21.50 but said it saw valuation upside to €30 and beyond “if German domestic mail profits can withstand competition in a liberalised market, if cost and revenue synergy expectations are met at Exel...
...Cory Environmental, which transports waste down the Thames in barges, was also sold by Exel to Montagu Private Equity for £200m last year....
...Despite the inclusion for the first time of Exel, which analysts estimated made €312m last year, the German group has to overcome not only increasing competition in its home market before its monopoly ends...
...Finally, Deutsche Post claims tax losses to shield some Exel profits, helping its economics....
...Deutsche Post added it had completed its purchase of Exel on Tuesday as part of its strategy of diversification....
...Exel board members are due to convene on Sunday to agree to the terms of the deal....
...UBS and Merrill Lynch are advising Exel....
...London markets made firm gains on Thursday as a bid for Exel reinvigorated investors....
...But speculation grew as the year progressed and several big names were snapped up, such as Exel, BPB, Allied Domecq and notably O2 , bought by Spain’s Telefónica for £17.7bn....
...For example, Exel runs warehouses for Marks Spencer, the retailer. It also ships car parts for DaimlerChrysler. “There was inevitably going to be somebody bigger than Exel wanting to consolidate them....
...The American group has already appointed Goldman Sachs to assess a possible bid for Exel....
...Add to those Deutsche Post’s takeover of Exel, Saint-Gobain’s bid for BPB, Parker Hannifin’s acquisition of Domnick Hunter, Nanjing Automobile’s purchase of Rover and Ericsson’s deal to buy most of Marconi...
...Analysts also believed the disposal of the Cory business could render Exel a more attractive bid target....
...UPS has been seeking to expand beyond package delivery into supply chain services, fuelling speculation that it could bid for Exel, the logistics group....
...Deutsche Post fell 2.6 per cent to €19.59 after confirming its intention to bid for UK logistics group Exel. Fitch Ratings moved Deutsche Post’s senior unsecured A+ rating to Ratings Watch Negative....
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