PwC Corporate Finance advises the shareholders of Torque Holdings Limited on its sale to H.I.G. Capital
PwC Corporate Finance is pleased to announce the successful sale of Torque Holdings Limited (“Torque”), a leading UK independent provider of outsourced fulfilment and supply chain services, to H.I.G. Capital, a leading global alternative investment firm with $75 billion of capital under management.
Founded over 30 years ago, Torque is a leading UK provider of omni-channel fulfilment services. Torque provides warehousing, inventory management, pick-and-pack, returns management, value-added services and international freight forwarding to premium and high-growth consumer brands. Torque operates a network of fulfilment facilities across the UK and supports customers across eCommerce, retail and wholesale channels.
Torque sees a significant opportunity to support and grow its customer base by expanding its service offering, adding capacity and developing international fulfilment capabilities, both organically and through strategic acquisitions. H.I.G. Capital will leverage its operational resources, international network and M&A capabilities to support this next phase of growth.
PwC Corporate Finance acted as exclusive lead financial adviser to the shareholders throughout the transaction, providing strategic advice and managing the sale process from preparation through to completion. The transaction also benefited from support from PwC’s Deals Insights and Analytics (DIA) team.
“PwC Corporate Finance provided invaluable strategic advice throughout this process. Their hands-on approach, commercial pragmatism and dedication to achieving the right outcome made a real difference at every stage. We are excited to begin this next chapter with H.I.G. and to continue investing in our people, capabilities and service offering to deliver the high standards our customers expect from Torque.”
“We are delighted to have advised the shareholders of Torque on this significant transaction. Torque has built a market-leading reputation by working closely with its customers to provide flexible, high-quality solutions to increasingly complex supply chain requirements, and we look forward to seeing the business continue to thrive with the support of H.I.G.”
“We are pleased to have supported the shareholders of Torque on this transaction. This represents another successful deal for PwC’s Corporate Finance team in the Critical Services sector and further builds on our strong track record across logistics and e-commerce. The transaction reflects continued investor appetite for high-quality, differentiated businesses providing mission-critical services to their customers, and we look forward to seeing Torque continue its growth journey with H.I.G.”
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Head of Regional Corporate Finance, PwC United Kingdom
Tel: +44 (0)759 585 0085
