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GCA Altium advises on sale of Wex Photographic

GCA Altium has acted as exclusive financial adviser to the shareholders of Wex Photographic on its sale to Aurelius.

Following the deal, Wex will be merged with Calumet to create an omni-channel retailer serving the enthusiast and professional photographer.
 
The transaction represents GCA Altium’s 16th e-commerce transaction in the last two years.
 
David Garratt, CEO of Wex, says: “This was a hugely important transaction for Wex and its investor, Barclays. The GCA Altium team invested time understanding what made the business tick, advised us on strategic choices before the sale process was initiated and then worked tirelessly to deliver the optimal solution for all stakeholders. The Wex team now look forward to taking the business to the next level with the support of our new backers at Aurelius."
 
Christopher Jones, managing director at GCA Altium, says: “It has been a pleasure to advise the shareholders of Wex on this transaction.  There is a compelling strategic fit between Wex and Calumet, creating a pan-European market leader in the photographic segment. Wex has a first class management team who have consistently outperformed the market over the last five years – we have little doubt that the combined businesses will continue to thrive under their stewardship.”

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