INVESTMENT YEAR
2008
REALISATION YEAR
2015
SECTOR
Services
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Vehicle rental firm

Nexus Vehicle Rental is a Leeds based car rental broker with unique customer facing technology that helps link customers to ‘any vehicle, any time, anywhere’.

We invested to help fund Nexus’ accelerated growth, guiding multiple acquisitions, new hires for the senior team, and a shift in the business’ customer acquisition focus. At realisation, Nexus was the UK’s largest corporate vehicle rental management firm, providing clients with access to over 500,000 vehicles in over 2,000 rental locations.

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From the start of the journey together
£1m
profit in 2008
to the company at realisation
£5m
profit in 2015

The right tools for growth

Talent
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We supported the building of a strong senior team, introducing a new chairman, an FD and a sales director.

M&A
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We supported 2 acquisitions of the vehicle rental arm of FMG Support, transforming Nexus’ scale and potential by doubling profitability within its first year, and Adapted Vehicle Hire, complementing its market-leading rental service with vehicles for disabled drivers.

Customer acquisition & retention
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We helped change the focus from credit hire to corporate customers and bigger accounts, changing the quality of earnings across the business.

Nexus Vehicle Rental timeline

1999 Nexus Vehicle Rental founded
2006 Launches IRIS system
2008 Livingbridge invests
2008 Acquires vehicle rental management arm of FMG Support
2010 Acquires Adapted Vehicle Hire
2015 Livingbridge realises investment

Case study: Nexus Vehicle Rental

We speak to David Brennan, CEO of Nexus Vehicle Rental, about their journey to become the UK’s largest corporate vehicle rental management firm, and to Livingbridge’s Amy Yateman-Smith and Andrew Garside about how we helped them get there.

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