King & Spalding advises on LDG bid
King & Spalding is guiding DBAY Advisors Limited in a possible £103.5 million offer for Logistics Development Group Plc, which could see LDG shareholders receiving 20 pence in cash and 5 pence in loan notes for each share
Announced on 5 November 2026, this revised proposal values LDG’s issued ordinary share capital at approximately £103.5 million, reflecting both cash consideration and principal value of loan notes. DBAY Advisors is the investment manager for LDG and currently holds around 27.2% of its issued ordinary share capital, with allied parties bringing that total to about 35.3%.
This latest proposal comes after DBAY’s previous offers and ongoing discussions aimed at enhancing liquidity for LDG shareholders. The King & Spalding team behind the advisory includes London corporate partner William Charnley, corporate associates Will Morris and Jasen Pomakov, finance partner Andrew Brown, and associate Annie Fan
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