Rubicon Partners acquires majority stake in Bamboo Distribution

U.K.-based private equity firm Rubicon Partners acquired a majority stake in Bamboo Distribution Ltd., Private Equity Wire reported.

Founded in 2009, Bamboo provides services to the mobile phone insurance industry as well as refurbishing and recycling solutions to global clients.

Rubicon's founding partner, Andrew Fischer, and Joseph Boucher, a principal at the firm, will join Bamboo's board.

KPMG served as financial and technology adviser, AON Inpoint acted as commercial adviser and Fairgrove Partners provided customer referencing advice to Rubicon. PwC served as tax adviser, AON provided insurance advice and Proskauer Rose acted as legal adviser. Shawbrook Bank provided debt facilities for the transaction.

Azets acted as the lead corporate finance adviser to the shareholders and management team of Bamboo.