Palatine takes majority stake in fulfilmentcrowd

Palatine £254m fund buys majority of fulfilmentcrowd – Northern Financial Review

Manchester-based private equity firm Palatine said it has made its first investment from its recently-closed £254 million Buyout Fund V — taking a majority stake in Chorley, Lancashire-based fulfilmentcrowd, a “tech-driven” global fulfilment provider. Palatine’s Tom Wildig and James Painter will join the fulfilmentcrowd board following the investment. A new debt facility from Thincats has been agreed alongside the investment. “Our investment wil…

Palatine takes majority stake in fulfilmentcrowd

Private equity house Palatine has taken a majority stake in fulfilmentcrowd. The tech-enabled fulfilment provider, based in Chorley, Lancashire, is growing worldwide. It recently launched an Asia-Pacific fulfilment hub in Sydney, Australia as well as a new hub in Dublin, Ireland. Further bases in the US are also set to open this year. The deal sees a partial exit for BGF, which has reinvested alongside Palatine, while a new debt facility from Th…