Phones4U sold to Providence Equity Partners

Phones4U has been sold to Providence Equity Partners as part of the £1.

Phones4U has been sold to Providence Equity Partners as part of the &£1.46bn sale of the Caudwell Group. The deal nets founder John Caudwell &£1.24bn, and sees Doughty Hanson take over the group’s handset distributor 20:20 Logistics, which will be renamed 20-20 Mobile.