Bowmark Capital sells Nexus Vehicle Rental to Phoenix Equity Partners
Bowmark Capital, a mid-market private equity firm, has sold Nexus Vehicle Rental (Nexus), a UK-based corporate vehicle rental provider, to Phoenix Equity Partners for GBP142 million. The investment generated a return for Bowmark-managed funds of over 3-times cost. Established in 1999, Nexus connects vehicle rental companies with corporate customers