M&A Deal Summary

EmergeVest Acquires NFT Distribution

On April 22, 2014, private equity firm EmergeVest acquired distribution company NFT Distribution from Phoenix Equity Partners for 60M GBP

Acquisition Highlights
  • This is EmergeVest’s 1st transaction in the Distribution sector.
  • This is EmergeVest’s largest (disclosed) transaction.
  • This is EmergeVest’s 1st transaction in the United Kingdom.
Investment Fate
  • NFT Distribution was sold to a strategic buyer in 2018.

M&A Deal Summary

Date 2014-04-22
Target NFT Distribution
Sector Distribution
Buyer(s) EmergeVest
Sellers(s) Phoenix Equity Partners
Deal Type Secondary Buyout
Deal Value 60M GBP
Advisor(s) Jamieson Corporate Finance LLP (Financial)

Target

NFT Distribution

Alfreton, United Kingdom
NFT Distribution is a distributor of chilled food, providing nationwide transportation from food manufacturers to distribution centres and from distribution centres to retail stores. NFT operates from eight sites across the UK, leases a fleet of approximately 350 trucks, and employs 1,500 staff. NFT Distribution is based in Alfreton, United Kingdom.

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Buyer(S) 1

DESCRIPTION

EmergeVest is a private investment group that looks to invest in and acquire business services companies. The Firm has particular interest in international supply chain opportunities, spanning logistics and related technology. EmergeVest was established in 2013 and is headquartered in Hong Kong.


DEAL STATS #
Overall 1 of 4
Sector (Distribution) 1 of 1
Type (Secondary Buyout) 1 of 1
Country (United Kingdom) 1 of 2
Year (2014) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-17 Palletforce

Staffordshire, United Kingdom

Palletforce is a distributor of palletised freight across the UK and Europe. Palletforce was founded in 2000 and is based in Staffordshire, United Kingdom.

Buy £30M

Seller(S) 1

SELLER

Phoenix Equity Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 1.5B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Phoenix Equity Partners is a mid-market private equity firm that funds management buyouts and buy-ins, and provides expansion capital for UK-based companies. Phoenix looks for opportunities valued up to £200 million. Target sectors include consumer, leisure, retail, financial services, healthcare, education, media, transportation/logistics, and business services. Phoenix Equity Partners was formed in 2001 and is based in London.


DEAL STATS #
Overall 17 of 42
Sector (Distribution) 1 of 3
Type (Secondary Buyout) 10 of 21
Country (United Kingdom) 15 of 40
Year (2014) 1 of 4
Size (of disclosed) 15 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-19 Key Retirement Solutions

Lancashire, United Kingdom

Key Retirement Solutions Ltd. is a provider of advice and financial products for people near or in retirement. The Company specializes in the origination and distribution of lifetime mortgages (LTMs), on behalf of third-party funders, which enable customers to release equity from their homes to fund their retirement.

Buy £35M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-15 Andrew Page

Leeds, United Kingdom

Andrew Page Ltd. is a distributor and wholesaler of automotive parts. Andrew Page provides its 9,000 customers, primarily independent garages, with a high quality service, offering rapid delivery of a wide range of products.

Sell -