Rubicon Partners, an investment partnership focused on the acquisition of industrial businesses in Europe and North America, has acquired a majority share Bamboo Distribution.
Rubicon Partners is a hands-on investment partnership focused on the acquisition of industrial businesses in Europe and North America.
Juney Mistiki, Managing Director of Bamboo Distribution, says: “Rubicon’s decision to invest in our company is based on a number of strategic factors – Bamboo Distribution’s commitment to sustainability, our compliance with all environmental and data protection regulations, current and projected growth expectations, operational capabilities and our specialist knowledge of the mobile refurbishing, distribution, recycling and buy-back sectors. Bamboo acknowledges that to reach its full potential we needed a strong, experienced, reputable partner like Rubicon, who will support us through our development and growth strategy.”
Andrew Fischer, a Founding Partner at Rubicon, says: “Bamboo Distribution’s market leadership, excellent customer relationships and most importantly, the company ethos, makes the business a valuable partner. It was clear from our discussions that customers highly value Bamboo Distribution’s services and the company’s operations contain the capacity required to capitalise on the sector’s growth predictions. Rubicon’s investment will support Bamboo to gain a strong foothold in Europe with its already strong and stable established partners.”
Andrew Fischer and Joseph Boucher, a Principal at Rubicon, join Bamboo Distribution’s board of directors. Both bring a wealth of knowledge and experience and together will coordinate driving the growth opportunities that exist within the business. Bamboo Distribution’s current directors will continue driving the business forwards, together with the 12-strong senior management team and talented 95 employees in the company.
Bamboo Distribution was founded by Juney Mistiki, Dervish Dervish and Paula Hansson in 2009 and quickly gained an exceptional reputation in the industry due to its open culture, proactive approach, excellent customer service and environmental credentials. The company provides services to the mobile phone insurance industry as well as refurbishing and recycling solutions to a global client base.
Mistiki says: “Rubicon acquires on a long-term basis and we have every confidence, based on our engagement with them to date, that our future partnership will be highly fruitful and that their know-how will add significant operational and strategic value to our business.”
Rubicon Partners was advised by KPMG (financial and technology), AON Inpoint (commercial), Fairgrove Partners (customer referencing), PwC (tax), AON (insurance) and Proskauer Rose (legal). Debt facilities were provided by Shawbrook Bank who were advised by Pinsent Masons.
Azets acted as the lead corporate finance adviser to the shareholders and management team of Bamboo Distribution – its shareholders have entered a partnership with a new entity that will be majority owned by funds managed by Rubicon Partners.