fulfilmentcrowd Expands with Palatine's Majority Stake Investment
Deal News | Jun 02, 2025 | Business Cloud
Private equity firm Palatine has acquired a majority stake in fulfilmentcrowd, a tech-enabled fulfilment provider based in Chorley, Lancashire. The deal also involves a partial exit for BGF, which has reinvested alongside Palatine, and a new debt facility from Thincats. As fulfilmentcrowd expands globally with new hubs in Sydney and Dublin and plans further openings in the US, the firm recently recorded a 20% increase in revenues to £21m, with profitability soaring by 83% year-on-year. This marks Palatine's first investment from its newly closed £254m fund. Palatine aims to leverage its expertise in tech services and ESG to support fulfilmentcrowd's goal of becoming the world's leading fulfilment platform for omnichannel brands.
Sectors
- Private Equity
- E-commerce Fulfillment
Geography
- United Kingdom – fulfilmentcrowd is based in Chorley, Lancashire, UK, and Palatine is a UK-based private equity firm.
- Australia – A new fulfilment hub has been opened by fulfilmentcrowd in Sydney, Australia.
- Ireland – fulfilmentcrowd expanded with a new hub in Dublin, Ireland.
- United States – fulfilmentcrowd has plans to open bases in the US, indicating its expansion strategy in this region.
Industry
- Private Equity – The article discusses an investment by a private equity firm, Palatine, in a fulfilment company, fulfilmentcrowd.
- E-commerce Fulfillment – Fulfilmentcrowd is a tech-enabled fulfilment provider expanding globally, and its operations directly align with the e-commerce fulfilment industry.
Financials
- £21 million – Recent record revenue reported by fulfilmentcrowd, up 20% from 2024.
- £254 million – Size of Palatine's recently-closed fund used for the investment in fulfilmentcrowd.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Palatine | Acquirer | Company | A private equity firm that has taken a majority stake in fulfilmentcrowd. |
| fulfilmentcrowd | Target | Company | A tech-enabled fulfilment provider that is expanding globally. |
| BGF | Vendor and Reinvestor | Company | Partial exit vendor that has reinvested alongside Palatine. |
| Thincats | Debt Provider | Company | Provider of the new debt facility agreed alongside the investment. |
| Lee Thompson | CEO | Person | CEO of fulfilmentcrowd, overseeing the expansion and growth efforts. |
| Tom Wildig | Senior Investment Director | Person | Senior investment director at Palatine, involved in the investment in fulfilmentcrowd. |