Rubicon Partners has acquired a majority share in Bamboo Distribution, a UK-based international leader in the recovery, refurbishment, resale and recycling of mobile phones.
The amount of the deal was not disclosed.
Rubicon Partners, a hands-on investment partnership focused on the acquisition of industrial businesses in Europe and North America, will support the company to gain a strong presence in Europe with its already established partners. Andrew Fischer and Joseph Boucher, a Principal at Rubicon, join Bamboo Distribution’s board of directors.
Founded by Juney Mistiki, Dervish Dervish and Paula Hansson in 2009, Bamboo Distribution is a mobile phone refurbishing, recycling and fulfillment specialist. Working in partnership with insurance companies, major retailers and mobile phone operators, the company recovers, refurbishes and re-sells used tech products, mainly mobile phones. Bamboo actively complies with various environmental and business management systems, covering quality management, environmental responsibilities and GDPR for data protection.
The company’s current directors will continue driving the business forwards, together with the 12-strong senior management team and talented 95 employees in the company.