Equistone in talks to buy Ligentia

The firm is currently investing from Equistone Partners Europe Fund VI, which closed on €2.8bn in March 2018 and was 40% deployed as of September 2020, according to Unquote Data. The fund seeks to invest €25-200m in lower-mid-market companies with enterprise values typically of €50-500m in western Europe (especially France, Germany, Switzerland, the Netherlands and the UK).

The sale of the privately held company was launched in September, with Rothschild advising, according to a report by Unquote sister publication Mergermarket. The asset was touted to generate more than £10m in EBITDA at the time and several private equity firms had explored purchasing the asset, according to the report published in November 2020.

The company's CEO, Nick Jones, holds 50-75% of the company.

Company
Ligentia reported £123.7m in turnover and EBITDA of £6.2m in 2019. Based in Leeds, Ligentia is a supply chain management and freight services company that provides freight forwarding, warehousing, distribution, transport and project logistics, as well as supply chain management software. It employs 500 people and was founded in 1996.

People
Ligentia – Nick Jones (CEO).

Advisers
Company – Rothschild (M&A).

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