Equistone Acquires Majority Stake in Nexus Vehicle Rental from Phoenix Equity Partners

January 17, 2023

Equistone Partners Europe has acquired a majority stake in Nexus Vehicle Rental from Phoenix Equity Partners; financial terms were not disclosed. Nexus, a Leeds-based tech-driven B2B vehicle rental aggregator operating an asset-light model via its IRIS platform, will continue to be led by its existing management team as Equistone supports the business' next phase of growth and product development.

Buyers
Equistone Partners Europe
Targets
Nexus Vehicle Rental
Sellers
Phoenix Equity Partners
Industry
Transportation
Location
West Yorkshire, United Kingdom
Transaction Type
Buyout

Explore More

Related Acquisitions

Track M&A activity that matters to you

Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.