Public to Private & Merger
We originally invested in Vasanta Group back in 2009 and the business was transformed in 2014 when we completed our first Public to Private transaction with the acquisition of office2office plc. The resulting combined business, now called EVO, is the UK’s largest multichannel supplier of business supplies with sales in excess of £450m.
EVO provides logistics, distribution and procurement and value-added fulfilment services to suppliers, retailers, resellers, large public sector bodies and corporate organisations through its trading brands VOW (wholesale), Banner (businesses) and Staples.co.uk (consumer). The product offering spans the full range of business-critical supplies, from office essentials, paper, technology, hygiene, furniture, catering, packaging and customer critical products.
EVO enables both local and global manufacturers to reach all areas of the market via specialist teams and specific service offerings. It holds an undisputed position of strength within its market place, offering unparalleled scale, infrastructure and expertise as the largest business supplies wholesaler in the UK and Ireland.
With an impressive logistics platform operating a branded fleet of 350 vehicles for national next day service and the broadest multichannel sales structure in the UK and Ireland, EVO has a leading position in each of its chosen market segments.
Operating in a large, diverse and changing marketplace, each of EVO’s trading companies is uniquely placed to both take advantage of growth opportunities and add value to suppliers and customers alike via its efficient operating model and approach to minimising supply chain costs and complexity.
EVO CEO Steve Haworth commented:
“I am excited about the future of the EVO. The combination of the best people in the industry; strong supplier relationships; a well invested infrastructure and most importantly a focus on continuous improvement in customer experience means that we are very well positioned to take advantage of the mass of opportunities that exist within our £18bn addressable market.”
Key person for this case study
Since joining the team in 2007, James has brought his talents and experience to the Portfolio Team at Endless. As a Partner based in the Leeds office, he’s responsible for monitoring our entire roster of investments. He is also a member of Endless LLP.