Press Release Bowmark Capital, the mid-market private equity firm, has sold Nexus Vehicle Rental (Nexus), the UK’s leading corporate vehicle rental provider, to Phoenix Equity Partners for £142m.

Mid-market private equity firm Livingbridge has sold vehicle rental business Nexus to Bowmark Capital for £51 million, according to a statement. Livingbridge has made a 4.5 times return and 26% ...