Livingbridge invests £15m in Nationwide Hire

The firm has drawn equity for the investment from its Enterprise 2 fund, which closed on £220m in 2015. The GP typically invests in deals worth between £5-200m for businesses that generate profits in excess of £1m.

The capital will be used to develop an online customer acquisition engine and a new technology platform.

Nationwide Hire generates revenues in excess of £16m annually.

Senior debt and working capital facilities were provided by Clydesdale & Yorkshire Bank.

Company
Founded in 1995 and headquartered in Fareham, Nationwide Hire employs 70 staff. The company offers large plant and machinery equipment, tools and services to companies operating in the construction, facilities management, retail, events, waste management and crisis support sectors.

People
Livingbridge - James Titmuss (director).
Nationwide Hire - Jonathan Holley (CEO).

Advisors
Equity – Orbis Partners, Tom McCarthy (corporate finance); BDO, Chris Heatlie, Sarah Cumming (financial due diligence); Eversheds Sutherland, Mark Beardmore, Lizzy Tindall and Fabian McNeilly (legal); Freeths, James Dyson, Ashika Patel (legal); Field Seymour Parkes, Penelope Garden (legal).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Expansion
• UK / Ireland
• Industrials
• Livingbridge
• United Kingdom
• Eversheds
• BDO LLP