Foresight invests £5 million in AmWorld Holdings Limited
- AmWorld Holdings is an international outsourced logistics services provider, differentiated by its bespoke customer services, rapid response times and overall quality
- The investment will support an MBO, led by the existing management team
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London, 25 October, 2023: Foresight Group (“Foresight”) a leading regional private equity and infrastructure investment manager, has announced a £5 million investment into AmWorld Holdings Limited (“AmWorld” or the “Company”).
AmWorld is an outsourced ‘white-glove’ logistics provider that differentiates itself through bespoke customer service, rapid response times and high quality service. The Company offers courier, freight, logistics and storage services to a loyal base of approximately 600 clients across a range of industries; with the most significant markets being video games and electronics, advertising and marketing and IT services, within the UK market and internationally.
Founded in 1986, the Company has 53 employees and operates from three locations in Colnbrook and Southampton, using its established presence around Heathrow to build trusted long-term relationships with blue-chip multinationals and global brands.
The transaction will enable the founder to transition out of the business and retire. The remaining management team is led by co-shareholder and former Head of Sales, Justin Walker. Foresight has introduced Rick Francis as Chair, who brings significant experience in the logistics sector. Alan Catchpool has joined as Finance Director, bringing operational experience alongside his financial capabilities and supporting the future strategy of the business.
The investment is also expected to increase the volume of existing services, grow its client base, expand operations at the Southampton site, and ultimately enable business growth.
Justin Walker, CEO, of AmWorld, comments: “We are delighted to be partnering with Foresight as we move into the next phase of our ambitious growth plans. The AmWorld team, bolstered by Foresight’s introductions of Rick Francis, as Chairperson, and Alan Catchpool, as Finance Director, is looking forward to helping clients execute their bespoke logistics requirements and continuing to provide exceptional service levels.”
Robert Gallagher, Senior Investment Manager at Foresight, added: “AmWorld has long-standing client relationships and a great reputation for exceptional service, which provide a great foundation for ongoing success. We look forward to working with Justin and the team during the next stage of AmWorld’s growth story.”
Foresight continues to be one of the UK’s most active investors in growth companies, having completed more than 90 investments into SMEs in 2022, alongside a number of strong exits. In the same year, Foresight’s Private Equity team announced three new funds, a ventures fund acquisition and expanded its regional office network, opening offices in Dublin and Leeds. So far in 2023, Foresight’s Private Equity division has made over 50 investments, announced a number of successful exits, and opened an office in Newcastle.
Advisers to the Company: (if appropriate)
Corporate Finance: Forster Chase
Legal Advice: A&L Goodbody
Advisers to Foresight :
Financial DD : Dow Schofield Watts Capital plc
Legal Advice : Birketts LLP
Management DD : Catalysis Advisory Ltd
Technical DD : Cloud Origin Ltd
Insurance DD Lockton Companies Ltd
Cyber DD KryptoKloud Ltd
Commercial DD : Whitecap Consulting LLP
Notes to Editors
For more information contact:
Chris Barry: email@example.com / +44 (0)7733 103 693
Lucy Sherwood: firstname.lastname@example.org / +44(0)20 3763 6977
About Foresight Group (“Foresight”)
Foresight Group was founded in 1984 and is a leading listed infrastructure and private equity investment manager. With a long-established focus on ESG and sustainability-led strategies, it aims to provide attractive returns to its institutional and private investors from hard-to-access private markets. Foresight manages over 400 infrastructure assets with a focus on solar and onshore wind assets, bioenergy and waste, as well as renewable energy enabling projects, energy efficiency management solutions, social and core infrastructure projects and sustainable forestry assets. Its private equity team manages eleven regionally focused investment funds across the UK and an SME impact fund supporting Irish SMEs. This team reviews over 3,000 business plans each year and currently supports more than 250 investments in SMEs. Foresight Capital Management manages four strategies across seven investment vehicles.
Foresight operates in eight countries across Europe, Australia and United States with AUM of £12.1 billion*. Foresight Group Holdings Limited listed on the Main Market of the London Stock Exchange in February 2021 and is a constituent of the FTSE 250 index. https://www.foresightgroup.eu/shareholders
*Based on unaudited AUM as at 30 September 2023.