Firm News

Nottingham corporate team
advise on sale of
Hilary Devey-owned Pall-Ex

Nottingham corporate team advise on sale of Hilary Devey-owned Pall-Ex

Published: 9th December 2019
Area: Firm News
Author(s): Duncan James

The corporate team in our Nottingham and Birmingham offices have advised on the management buyout of Pall-Ex, the pan-European logistics brand founded by Dragon’s Den star, Hilary Devey CBE.

Under the sale, Pall-Ex Group has been acquired by its network membership and management team.

The management team have committed to taking up shares within the company, with share ownership also being offered to Pall-Ex’s UK membership and international partners.

Founded by Ms. Devey in 1996, the business operates a global pallet network from its Leicestershire base, allowing customers to send freight across the world, via a pool of franchised hauliers. After starting the business from scratch, Ms. Devey is stepping back from her role, taking the position of ambassador and focusing on driving the company’s expansion throughout Europe.

Our corporate team acted for the buyer and was led by partner and head of the Nottingham office, Duncan James.

Duncan James, head of the firm’s Nottingham office, said: “Hilary has built an enviable business in Pall-Ex, which has rightfully earned its spot as a leader in the logistics space. By offering management teams and network members the chance to own the business themselves, Pall-Ex’s success can be preserved and built on in the future.

“Expanding from its central hub in Coalville, Pall-Ex is a shining example of an East Midlands business which is well on its way to conquering the world. Everyone is committed to seeing the business flourish and we’re sure that there are even greater things to come.”

Find out more about our corporate team.

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