Kitwave

  • SectorB2B Services
  • OverviewKitwave is a national wholesaler of confectionary products serving the convenience channel.

M&A

Kitwave is a national wholesaler of confectionary products serving the convenience channel

  • Transformed a regional business into a national wholesaler through 6 acquisitions during our investment period.
  • NVM established a disciplined and professional approach to the assessment, DD and approval of acquisitions.
  • Developed the corporate structure to allow the executive board to focus on acquisition search and execution as well as providing strategic direction for the senior management team through focused divisional and functional heads.
  • Heavy investment and integration of IT systems to drive operational efficiencies.
    Development of physical depot network to provide national coverage and capacity for growth.
  • Product diversification to focus on higher gross margin products and reduction in reliance on tobacco and alcohol.

Kitwave in numbers

  • £7.5m Investment
  • 2011 First backed
  • 20% Revenue CAGR
  • 3.0X Return
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