Acquisition by United States based investment company

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Acquisition by United States based investment company

Acquisition by United States based investment company

“We were delighted to have assisted the Fleet Assist shareholders in realising value for their business as well as securing its future growth for the new management team. This acquisition and investment by a US Investment company is indicative of the trend we are currently seeing in the M&A market. We are seeing a significant amount of investment from the US and parts of Asia, as these trade and investment companies look to expand current operations, as well as venturing out into new sectors and markets. Certainly the current exchange rate position is fuelling some of this recent activity and it certainly shows that UK companies remain an attractive investment opportunity for overseas buyers.”

We recently advised the shareholders of Fleet Assist on their sale to US headquartered investment house Eli Global.

Fleet Assist is the leading supply chain management specialist to the UK’s contract hire, leasing and rental sector, with customers that collectively operate more than 800,000 vehicles.

The EMW team was led by Principal Gurpreet Sanghera and assisted by Senior Solicitor James Wood.

Simon English, co-founder of Fleet Assist says, “We selected EMW because we were impressed with their approach. Essentially this felt like a law firm that wanted to help us do a deal, rather than one that was looking to tell us all the reasons why we should be cautious.

EMW were proactive from the start and called an early meeting with all parties to identify the key areas and/or hurdles for each party. Communication lines were extremely open and they ensured we didn't get bogged down at times where I'm sure other firms would have become fixated by the hurdles. Good, practical advice and suggestions to maintain the all important momentum. Despite this "get the deal done" attitude this never came across as being at the cost of additional risk to the vendors and they were quite happy to play hardball when the circumstances required."

For more information on this deal, contact Gurpreet Sanghera.