Squire Patton Boggs Advises Global Autocare on Exit of LDC

Squire Patton Boggs advised Global Autocare and its management on the exit of private equity investor LDC. The transaction involved the voluntary exit of UK private equity investor LDC after a six-year partnership in which Global Autocare substantially expanded its business. During that period the company more than doubled its revenue and tripled its profits, strengthening its position as a leading provider of corporate mobility and fleet management services in the UK. The executive management team will take the business forward as it enters its next phase of growth. Squire Patton Boggs also advised Global on the original investment by LDC. Global Autocare is a provider of fleet solutions to businesses across the UK, operating primarily in the business-to-business sector. Its services include daily rental, contract hire, vehicle leasing, maintenance and repair, and vehicle movements and storage. Since LDC's investment in December 2019, Global has pursued an ambitious growth strategy that has expanded its national presence and advanced its position in sustainable fleet solutions for corporate clients. The exit was facilitated by a new eight-figure funding package from NatWest, which has supported Global Autocare throughout LDC’s investment period. Squire Patton Boggs represented Global Autocare and its management with a team composed by: Jayne Aarons (Corporate director), Paul Mann (partner), Tom Telford (partner, Financial Services Practice), David Parry (director, Financial Services Practice).

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Squire Patton Boggs Advises Global Autocare on Exit of LDC

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Squire Patton Boggs Advises Global Autocare on Exit of LDC

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