SRC Corporate Finance advises on logistics firm acquisition | Deals News

Prominent dealmaking firm SRC Corporate Finance has recommended on the takeover of a cross-border logistics business.

Milan-centered Delivery By Convey has been snapped up by Worldnet Worldwide, which has its European HQ in Colnbrook in the vicinity of Slough.

The acquired organization caters to the vogue and luxury industries and has been working as Worldnet’s support spouse in Italy for quite a few many years.

DBE’s founder and chief government Andres Pirri will now be component of Worldnet Worldwide Italia Srl.

“DBE has been my life’s perform for additional than 30 a long time,” he reported. “The company has generally experienced a support-very first way of thinking and I’m grateful that Worldnet shares the identical eyesight.

“I am psyched to help Worldnet Italy expand into the upcoming.”

Richard Bhullar, chief executive of Worldnet Worldwide, extra: “We could not be more thrilled to bring Andres and his group into the Worldnet household.

“DBE has been a excellent spouse to Worldnet for a extended time and they designed an superb business of their individual centered on the core basic principle of gratifying customers’ most urgent and discriminating demands.

“We glimpse ahead to accelerating our method with this critical Italian presence in the several years to appear.”

Rupert Rawcliffe, Ella Younger and Ben Valentine or SRC Corporate Finance recommended on the deal, as did Mathew Glentworth at RBS, Irwin Mitchell and Azets (Dan Nixon).