Private equity house Palatine has taken a majority stake in fulfilmentcrowd.
The tech-enabled fulfilment provider, based in Chorley, Lancashire, is growing worldwide.
It recently launched an Asia-Pacific fulfilment hub in Sydney, Australia as well as a new hub in Dublin, Ireland. Further bases in the US are also set to open this year.
The deal sees a partial exit for BGF, which has reinvested alongside Palatine, while a new debt facility from Thincats has been agreed alongside the investment.
It marks Palatine’s first investment from its recently-closed £254m fund.
“We are very excited to be backing this entrepreneurial management team at fulfilmentcrowd. They have done an excellent job in building a market-leading, asset-light tech company,” said Tom Wildig, senior investment director at Palatine.
“Leveraging our experience in tech services alongside our sector-leading approach to ESG, we look forward to supporting CEO Lee Thompson and the rest of the team to accelerate growth and achieve their goal of becoming the world’s number one fulfilment platform for omnichannel brands.”
fulfilmentcrowd recently recorded record revenues of £21m, up 20% on 2024, with profitability increasing by 83% YoY. More than 9m items were shipped through the platform across all territories in the last 12 months, a rise of 41%.
Thompson added: “In Palatine, we have found a genuine growth partner with the strategic expertise and positive approach to value creation that will help develop our entrepreneurial culture and drive sustainable growth over the coming years.”