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  5. EV Cargo Acquires NFT Distribution

M&A Deal Summary

EV Cargo Acquires NFT Distribution

On November 22, 2018, EV Cargo acquired distribution company NFT Distribution from EmergeVest

Acquisition Highlights
  • This is EV Cargo’s 1st transaction in the Distribution sector.
  • This is EV Cargo’s 5th transaction in the United Kingdom.

M&A Deal Summary
Date 2018-11-22
Target NFT Distribution
Sector Distribution
Buyer(s) EV Cargo
Sellers(s) EmergeVest
Deal Type Add-on Acquisition

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

Buyer

EV Cargo

Hong Kong, China
Category Company
Founded 2018
Sector Transportation
Employees2,300
DESCRIPTION

EV Cargo is a global technology-enabled supply chain management and logistics execution platform that offers unique mission-critical end-to-end supply chain solutions to more than 3,000 customers across the retail, consumer, and industrial sectors. EV Cargo was founded in 2018 and is based in Hong Kong, China.

DEAL STATS #
Overall 5 of 6
Sector: Distribution M&A 1 of 1
Type: Add-on Acquisition M&A Deals 5 of 5
Country: United Kingdom M&A 5 of 5
Year: 2018 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-22 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-23 Fast Forward Freight

Hoofddorp, Netherlands

Fast Forward Freight provides freight forwarding solutions through air, ocean, and road transportation with an international network and over 150 partners, serving more than 7000 clients worldwide. Fast Forward Freight was founded in 1995 and is based in Hoofddorp, Netherlands.

Buy -

Seller(S) 1

SELLER

EmergeVest

Investor Investor Investor

Category Private Equity Firm
Founded 2013
Size Small
Type Sector Focused
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 2 of 2
Sector: Distribution M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
Country: United Kingdom M&A 2 of 2
Year: 2018 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-22 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.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-02 Lucy

Singapore, Singapore

Lucy is an operator of the first neobank focused on women entrepreneurs. Lucy app helps women entrepreneurs set up, run and grow their businesses, with affordable financial services including fee-free accounts with Mastercard, no-interest salary advances, savings accounts, loan management, and low-cost remittances. Lucy is based in Singapore City.

Buy -
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