A giant emerges

London, UK: Private equity investor EmergeVest, which recently made its seventh UK logistics acquisition in the form of CM Downton, is considering further investment in the UK temperature-controlled sector.

Hong-Kong based EmergeVest’s current UK portfolio includes NFT Distribution, NR Evans, supply chain software company Adjuno, Allport Cargo Services and Palletforce

The Hong-Kong based company’s current UK portfolio includes NFT Distribution, NR Evans, supply chain software company Adjuno, Allport Cargo Services and Palletforce. The acquisitions show that EmergeVest is building a UK network at speed, encompassing freight forwarding, pallet, chilled and now ambient.

Heath Zarin, EmergeVest’s chief executive and managing director, told Cold Chain News: “We believe the UK temperature-controlled sector is attractive for further investment.

“We are considering opportunities in this space, largely through our existing investment in NFT.”

Zarin declined to comment on exactly what type of temperature-controlled operator EmergeVest would be interested in targeting.

EmergeVest is also intent of widening its portfolio of UK companies to include more than just logistics. “We have completed several acquisitions in the UK logistics sector and maintain an active pipeline of potential opportunities,” said Zarin.

“In addition to logistics, we are currently interested in business services and technology.”

EmergeVest was established in 2013 and has focused on quality investment opportunities in targeted industry sectors. It is particularly interested in investments in the supply chain, logistics and transport sectors, especially in the UK and China. It acquired NFT Distribution in 2014 and then snapped up NR Evans in August 2016.

At the time of NR Evans’ acquisition Zarin said: “This acquisition will not be our last and demonstrates EmergeVest’s confidence in the UK market as an investment proposition post Brexit.”

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