Real Deals: EmergeVest-backed NFT
bolts on NR Evans

Jul 19, 2016

NFT, a chilled food distribution group backed by Hong Kong-based private equity firm EmergeVest, has acquired competitor NR Evans.

The transaction valued NR Evans at over £20m (€23.84m). Investec Growth and Acquisiton Finance provided integrated debt funding of up to £13m for the investment.

The deal represents EmergeVest's third acquisition in the UK logistics market during the last 12 months.

Following the bolt-on acquisition, NFT has a turnover of more than £200m and over 3,000 employees.
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