Private equity investor Endless LLP has entered into an agreement to acquire all the share capital of office2office (o2o), the listed business stationery and office supplies company. The offer is being made through EVO Business Supplies Ltd, a new Company owned by funds managed by Endless.
o2o is listed on the Main Market of the London Stock Exchange and is a major provider of business supplies and outsourced business solutions, primarily to large private and public sector customers. It has 900 staff and is headquartered in Norwich. Endless already has good knowledge of the business supplies market as its majority owned portfolio company Vasanta offers wholesale and contract stationery supplies through a distributor network based around three highly automated warehouses. Vasanta’s revenues to the year ended December 2013 were £415 million.
Endless LLP will, upon completion of the deal, anticipated by the end of September, merge office2office with Vasanta.
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