NVM-backed Kitwave acquires Automatic Retailing

NVM says the acquisition will diversify Kitwave's product range. It previously invested £7.5m in the business in March 2011 with the intention of supporting the company's strategy of growth through consolidation.

NVM director Mauro Biagioni stated that the investor supported Kitwave's management in identifying Automatic Retailing as a suitable add-on acquisition.

Company
Automatic Retailing provides vending equipment and wholesale services to the automatic vending industry. The company, operating from its distribution centre in Cramlington near Newcastle Upon Tyne, UK, specialises in confectionery and soft drinks.

Kitwave, established in 1987, is a tobacco, alcohol, confectionery, and soft drinks wholesaler. Based in North Shields, UK, the company has grown over the last few years through a number of acquisitions.

People
Mauro Biagioni worked on the deal for NVM. Paul Young is the founder and group managing director of Kitwave.

Advisers
Equity – Muckle, Craig Swinhoe, Louise Duffy (Legal); KPMG, Cristopher Stott (Financial due diligence).

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• UK / Ireland
• Consumer
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• United Kingdom
• NVM Private Equity