M&A Deal Summary

NVM Private Equity Acquires Vegetarian Express

On February 27, 2024, private equity firm NVM Private Equity acquired distribution company Vegetarian Express from Bridges Fund Management

Acquisition Highlights
  • This is NVM Private Equity’s 2nd transaction in the Distribution sector.
  • This is NVM Private Equity’s 67th transaction in the United Kingdom.

M&A Deal Summary

Date 2024-02-27
Target Vegetarian Express
Sector Distribution
Buyer(s) NVM Private Equity
Sellers(s) Bridges Fund Management
Deal Type Secondary Buyout

Target

Vegetarian Express

Watford, United Kingdom
Vegetarian Express is a supplier of specialist plant-based ingredients to the food service industry, with an unmatched range of over 1,000 products (including tofu, tempeh, quinoa, nuts, spices, pulses, etc.). Vegetarian Express was founded in 1987 and is based in Watford, United Kingdom.

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Buyer(S) 1

Buyer

NVM Private Equity

Newcastle Upon Tyne, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 290M GBP
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

NVM Private Equity is an investor in growth-oriented UK-based companies. NVM does not have any sector preferences and looks to invest £2 to £10 million equity per transaction. NVM will consider a variety of transaction situations, including MBOs, MBIs, development capital financings, turnarounds, recapitalizations and early stage financings. NVM Private Equity was established in 1984 and was formerly known as Northern Venture Managers Ltd. NVM is based in Newcastle with additional offices in Edinburgh, Manchester, and Reading.


DEAL STATS #
Overall 67 of 68
Sector: Distribution M&A 2 of 3
Type: Secondary Buyout M&A Deals 6 of 7
Country: United Kingdom M&A 67 of 68
Year: 2024 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-02 Lineup

London, United Kingdom

Lineup develops advertising management and customer relationship management (CRM) solutions to the media industry. Lineup was founded in 2009 and is based in London, England.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-16 MJ Wilson Group

Grimsby, United Kingdom

MJ Wilson Group is a distributor of Maintenance, Repair, and Overhaul (MRO) components. MJ Wilson Group sells highly technical Process and Instrumentation Products (including valves, controls, test equipment, pipe, fittings, flanges, fastenings, and gaskets), as well as offering essential services such as calibration and repairs. MJ Wilson Group was founded in 1972 and is based in Grimsby, United Kingdom.

Buy -

Seller(S) 1

SELLER

Bridges Fund Management

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 2002
PE ASSETS 1.7B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Bridges Fund Management is a specialist sustainable and impact investment firm that focuses on three primary investment strategies—Sustainable Growth Equity, Sustainable Real Estate, and Social Sector Funds—targeting opportunities aligned with themes like healthier lives, future skills, sustainable planet, and stronger communities, where social or environmental impact aligns with financial value creation. Bridges Fund Management was formed in 2002 and is based in London.


DEAL STATS #
Overall 6 of 7
Sector: Distribution M&A 1 of 1
Type: Secondary Buyout M&A Deals 4 of 5
Country: United Kingdom M&A 6 of 6
Year: 2024 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-27 Skills Training UK

Harrow, United Kingdom

Skills Training UK is an independent skill training provider. it has a long track record of growth and achievement in the design and delivery of employer-responsive apprenticeships and individual-focused skills programs that align with business needs, creating sustainable employment and supporting social mobility. Skills Training UK is based in Harrow, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-29 VivaGym

Malaga, Spain

VivaGym is a provider of an ultra-affordable, highly accessible gyms that make it easier for people on lower incomes to exercise, leading to healthier lifestyles and reduced risk of chronic disease. VivaGym is based in Malaga, Spain.

Sell -