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Phoenix set to boost fundraising efforts with latest bumper exit

UK buyout firm quadruples money as it sells freight delivery company Palletways

Phoenix Equity Partners has sold its stake in freight delivery service Palletways
Phoenix Equity Partners has sold its stake in freight delivery service Palletways Photo: iStock

Phoenix Equity Partners is set to make more than four times its money on an investment in freight delivery service Palletways – the latest in a series of exits for the firm as it seeks to raise its new fund.

The UK mid-market private equity firm has agreed to sell its stake to logistics group Imperial Holdings in a transaction worth £163 million, according to a statement on June 1.

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