Middle-market private equity firm Livingbridge invested £15 million in Nationwide Hire through its Livingbridge Enterprise 2 LP fund, Private Equity Wire reported.
Nationwide Hire is an aggregator of equipment rental and hire services, with a network of suppliers in more than 9,000 locations across the U.K. and Ireland. It will use the capital to build a best-in-class online customer acquisition engine and to develop a new technology platform, according to the report.
