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6th August 2018

Bowmark Capital sells Nexus Vehicle Rental to  Phoenix Equity Partners

Bowmark Capital, the mid-market private equity firm, has sold Nexus Vehicle Rental (Nexus), the UK’s leading corporate vehicle rental provider, to Phoenix Equity Partners for £142m.  The investment generated a return for Bowmark-managed funds of over 3x cost. Established in 1999, Nexus connects vehicle rental companies with corporate customers via a proprietary online booking and rental management system.

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