GCA Advises Phoenix Equity Partners on Its Investment in Nexus
Nexus connects corporate customers with vehicle rental companies through its proprietary online booking and rental management system. The system provides Nexus’s 1,000 corporate customers with access to over 550,000 vehicles sourced from 220 rental companies across 2,000 locations.
Nexus was established in 1999 and has achieved impressive growth through its highly differentiated service proposition, industry-leading technology and strong market position. The investment by Phoenix will allow Nexus to continue to increase its penetration of the corporate market and develop its technology platform.
David Brennan, CEO of Nexus, said: “The investment by Phoenix sets us up for our next exciting phase of growth and innovation as the UK’s leading tech-driven mobility provider, and demonstrates confidence in the business, senior management and wider team to continue our track record of outstanding performance. We are delighted to have Phoenix on board.”
This is the second transaction GCA has completed with Nexus, following its December 2017 refinancing, and GCA’s most recent in the mobility technology space. Other notable transactions in this sector include the sale of Urban Engines to Google and Inflexion’s investment in Radius Payment Solutions.
GCA is a global investment bank that provides strategic M&A, capital markets and private funds advisory services to growth companies and market leaders. The firm offers worldwide coverage with over 400 professionals in 18 offices across America, Asia and Europe. Built by the people that run the business, GCA is a firm of experts who focus on deals that require commitment, original perspective, skill and exceptional networks. Learn more at www.gcaglobal.com.