Investment was vital for growth, Bamboo Distribution managing director Juney Mistiki said
Bamboo Distribution has announced that Rubicon Partners has acquired a majority share in the company.
Rubicon Partners is an investment partnership focused on the acquisition of industrial businesses in Europe and North America.
The company operates across offices in London and Munich with a team of 13 professionals.
Over the past 27 years, Rubicon Partners has invested in 74 businesses across the manufacturing, distribution, and service sectors and has now added Bamboo Distribution to its repertoire.
Bamboo Distribution managing director Juney Mistiki said: “Rubicon’s decision to invest in our company is based on a number of strategic factors – Bamboo Distribution’s commitment to sustainability, our compliance with all environmental and data protection regulations, current and projected growth expectations, operational capabilities and our specialist knowledge of the mobile refurbishing, distribution, recycling, and buy-back sectors.
“Bamboo acknowledges that to reach its full potential we needed a strong, experienced, reputable partner like Rubicon, who will support us through our development and growth strategy.”
Rubicon founding partner Andrew Fischer added: “Bamboo Distribution’s market leadership, excellent customer relationships, and most importantly, the company ethos, makes the business a valuable partner.
“It was clear from our discussions that customers highly value Bamboo Distribution’s services and the company’s operations contain the capacity required to capitalise on the sector’s growth predictions. Rubicon’s investment will support Bamboo to gain a strong foothold in Europe with its already strong and stable established partners.”
Andrew Fischer and Joseph Boucher, a Principal at Rubicon will join Bamboo Distribution’s board of directors.
Bamboo Distribution’s current directors will continue driving the business forwards, together with the 12-strong senior management team and 95 employees in the company.