We have advised the shareholders of fulfilmentcrowd, a fast-growing tech-driven global fulfilment provider, on its investment from Palatine. Our combined team provided M&A, Debt Advisory and Modelling & Data Analytics support.
fulfilmentcrowd, based in Chorley, Lancashire, has increased revenue by 20% in the last year as more than nine million items were shipped through its platform worldwide. Their proprietary cloud-based platform enables growing omni-channel retailers to outsource their entire end-to-end logistics and fulfilment process, including receipt of goods, picking, packing, dispatching and delivery. Its technology seamlessly integrates with its customers' own sales channels and provides a live view of stock across multiple sites and provides data for management information and supply chain management.
fulfilmentcrowd has recently expanded its international footprint launching a new Asia-Pacific fulfilment hub in Sydney, Australia and a new hub in Dublin, Ireland. Further bases in the US will open this year too. The company has over 100 employees, more than 30% of whom have been there for 10 years.
Palatine's investment will support fulfilmentcrowd as it continues to scale organically in the UK, Europe, Australia and the US, as well as delivering on M&A opportunities.
Palatine, see an excellent opportunity to help the business continue to scale at pace, using its experience in value creation and sustainability. The transaction sees a partial exit for BGF who invested in the business in 2021 and they have reinvested alongside Palatine.
More about the process
The M&A team was hands-on throughout preparation, leading all diligence workstreams and producing a full suite of marketing materials. They ran a competitive private equity process, securing multiple offers, and worked closely with the buyer to complete the deal within five weeks of exclusivity.
Our Debt Advisory team supported fulfilmentcrowd in establishing a strategic partnership with Palatine and securing a bespoke financing package from ThinCats to underpin the transaction and fuel its next phase of growth. The funding will enable the business to build on its strong market momentum and accelerate its expansion plans. It marks an exciting step forward as fulfilmentcrowd continues to scale its operations and deliver on its strategic objectives.
An integrated financial model and Power BI datacube were developed by our Modelling & Data Analytics team to support the transaction. These tools were instrumental in reinforcing the business plan and key selling messages, underpinning confidence in the forecasts and KPIs, and proving invaluable during diligence and throughout buyer interactions.
