Next Wave Partners today completed a growth capital investment in Secured Mail, a rapidly growing independent postal operator.
As part of the investment, Next Wave Partners has also provided the Company with a growth capital facility to finance its future expansion plans.
The growth capital investment will enable the company to fully capitalise on the many opportunities that exist within the market place. The transaction has facilitated Secured Mail’s existing investors exiting the business.
Established in Liverpool in 2006, Secured Mail processes millions of letters every night and has already reached an annual turnover of £50 million. Operating across the UK with well-known household brands among its clients, Secured Mail is one the UK’s largest postal businesses.
Stephen Walls, of Next Wave Partners, comments:
“Secured Mail has achieved phenomenal growth and this is set to continue over the next few years. The management team, led by Mark Bigley, has developed a business based on creativity, operational flexibility and a very robust operational network. They are driving it forward with true entrepreneurial spirit. As a growth capital investor we see a real opportunity to partner and support the management team in delivering continuing strong growth”
Mark Bigley, managing director of Secured Mail, added:
“We have grown to become one of the largest postal providers in the country as a result of our excellent quality of service and attention to detail. Secured Mail has a national reach with sites in London and a recently opened mail hub in Warrington. Further expansion is planned over the next 12 months.
It goes without saying this external investment is a significant boost for our company. The investment received from Next Wave Partners will allow us to bring the next phase of our vision to life and support the growth we intend to achieve.”
PKF and Hill Dickinson advised Secured Mail on the deal. Mazars and Stevens and Bolton advised Next Wave Partners.
Notes to editors
Media contact: Meg Pugh @ MC2 (07808 765 595/0161 236 1352)
Secured Mail is a licensed postal operator
The business is one of the largest postal providers in the UK.
Clients include American Express, Domino’s Pizza, Pizza Hut, Amazon and Center Parcs.
The company has experienced phenomenal growth, increasing turnover from £600,000 in 2006 to £38 million in 2010, with significant growth predicted in 2011.
Secured Mail specialises in handling bulk mail, unsorted letters and small parcels (i.e. CDs, DVDs, books).
Secured Mail uses Royal Mail’s final mile delivery network (Downstream Access), shifting mail through the 63 Royal Mail Inward Mail Centres.
The business is regulated by POSTCOMM.
Website: http://www.securedmail.co.uk/
