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
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