Houlihan Lokey Advises Global Resale

Houlihan Lokey is pleased to announce that Global Resale Ltd., a subsidiary of Global Resale LLC owned by Brightstar Capital Partners, has been acquired by Foxway AB, owned by Norvestor Equity AS.

Founded in 2016 and headquartered in Braintree (Essex), United Kingdom, Global Resale Ltd. is a leading provider of lifecycle management solutions for technology assets. The company offers multiple services including device collection, repair and refurbishment, asset valuation, asset management, and an omnichannel recommerce solution. Through its 64,000-square-foot facility, Global Resale Ltd. remarkets and services a wide variety of asset types, such as computing, enterprise, and mobility to more than 1,200 global customers. The company has a clear ESG value proposition as a key enabler for the circular economy and has been recognized with the esteemed Queen’s Award for Enterprise in the International Trade category in 2021.

Foxway is one of the largest specialists in IT lifecycle management to large corporations, both for the public and private sector in Northern Europe, with offices in the Nordics, Estonia, Germany, and Spain, among other markets. Foxway group has an annual turnover of over SEK5 billion and employs more than 1,300 people.

Houlihan Lokey served as the exclusive financial advisor to Brightstar Capital Partners in the sale of its portfolio company Global Resale Ltd. The firm provided support in all aspects of the deal from the preparation of marketing documents to due diligence coordination, investor approach, and negotiation tactics, while acting as a sparring partner throughout the transaction process. This deal represents another successful transaction for Houlihan Lokey in the fast-growing lifecycle management solutions and circular IT space.

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