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.

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

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