Acquisition of Wex Photographic by Aurelius

 
Wex.png

TRANSACTION TYPE
Acquisition

VALUE
Undisclosed

SECTOR
Multichannel Retailer

WEBSITE
wexphotovideo.com

 

Argyll Partners and Argyll Debt Advisory acted as lead financial advisor to AURELIUS on its acquisition of Wex from Barclays Ventures. Following the deal, Wex merged with Calumet Photographic, one of AURELIUS's existing portfolio companies.

Wex Photographic

  • UK’s largest online specialist photographic retailer

  • services half a million customers

  • annual turnover of EUR 84 million

Deal highlights

  • Argyll provided corporate finance advice and managed the debt raising process

  • acquisition finance facilities were provided by Barclays

  • Argyll also advised AURELIUS on the earlier acquisition of multi-channel photography retailer Calumet