Next Wave Partners

Our role

Our Direct Lending team is delighted to have supported Next Wave Partners in providing integrated asset-based lending and cash flow senior debt facilities to support the refinancing of The Delivery Group.

Our team were able to provide a structured, flexible financing solution that supports the sponsor and management team in their growth ambitions.

Nick Buxton, Director, Direct Lending at Investec said: “We have a long history of delivering integrated asset-based and cashflow facilities to the logistics sector, which meant we were well placed to support The Delivery Group and Next Wave Partners in their next phase of growth.”

Michael Owen, Group CEO of The Delivery Group, commented: “Investec’s extensive track record in the logistics sector enabled them to quickly understand our business model and to structure a debt package that supports our working capital needs and future growth requirements.”

Jonathan Brod, Managing Partner at Next Wave Partners, commented: “Investec proved to be a highly supportive partner throughout the refinancing process. Their flexibility, responsiveness and willingness to work closely with both us and the management team were critical in delivering a solution that meets the needs of the business. The outcome provides a strong platform for TDG’s next phase of development.”
 

About Next Wave Partners ('NWP')

Next Wave Partners LLP is a London-based, growth focused private equity firm founded in 2002 to provide transformational growth capital to support sustainable value creation. NWP backs entrepreneurs to scale technology, tech-enabled business services, education and consumer companies. Recent portfolio activity includes Clearway Group’s acquisition of Secontec in Germany and AI Software Development firm, Locilabs, McGraw Hill’s IPO on NYSE and Whitespace’s partnership with Oracle to deploy its sovereign AI operating system on Oracle’s edge cloud infrastructure in live defence environments.
 

About The Delivery Group ('TDG')

The Delivery Group has annual revenues of over £288M and operates from 4 sites in the UK specialising in customer focused logistic solutions for the UK SME ecommerce market in addition to providing mail services to some of the UK’s most well-known blue chip companies.  The Group employs over 450 employees and its customer centric approach is leading to significant year on year growth in ecommerce volumes.