Hill Dickinson, King & Spalding and Minter Ellison have advised on the Stobart Group’s £280.8m sale of its transport and infrastructure arm Eddie Stobart Logistics (ESL) to a management team backed by private equity firm DouglasBay Capital (DBAY).

The transaction sees the Stobart Group sell a 51% stake in ESL – the parent company’s transport and distribution division – to funds managed by DBAY.