FSP advises Nationwide Hire management team Livingbridge backed MBO
Field Seymour Parkes has advised the management team of Nationwide Hire on their recent MBO backed by a £15m investment from UK mid-market private equity firm Livingbridge.
Founded in 1995 and headquartered in Fareham, Hampshire, Nationwide Hire manages a network of over 4,000 suppliers based in over 9,000 locations across the UK and Ireland with access to more than five million products. With over 70 staff and a turnover exceeding £16 million, Nationwide Hire provides major plant and machinery, equipment, tools and specialist services to companies operating across a wide range of sectors including construction, facilities management, retail, events, waste management and crisis support.
The investment will enable Nationwide Hire to accelerate its growth trajectory by helping to develop a best-in-class online customer acquisition engine and funding the development of a new technology platform.
The team at Field Seymour Parkes was led by corporate partner Penelope Garden with assistance from corporate solicitor Alex Doig, employment associate Louise Smyth and banking senior associate Alex Illingworth.
Jonathan Holley, chief executive at Nationwide Hire, said “Many thanks to Penelope and her team for their practical advice and no-nonsense support throughout the process. We would not hesitate to recommend FSP if asked.”