We are delighted to have advised LDC Managers Limited on their investment in Global Autocare Limited.
Global Autocare (“Global”) provides unique fleet solutions to large and small-scale businesses across the UK. Its services include daily rental, contract hire, fleet management, mobility solutions, maintenance and repair, movements and storage.
Following a sustained period of strong performance, the Global shareholders wanted to partner with a private equity firm that would accelerate their national growth plans, building on the company’s deep relationships with some of the world's best known automotive manufacturers.
We provided full buy-side support to LDC, including assistance in the preparation of a business plan and financial model, exit review, deal structuring, debt finance and other acquisition advice. We were also separately engaged to undertake commercial due diligence.
Against a backdrop of uncertainty due to Brexit, our team provided a crucial role in analysing Global’s flexible business model, utilising its knowledge of the automotive sector. The commercial due diligence provided additional comfort around the relative independence of Global’s profits against car residual value movements, as well as the longevity of the business model following discussions with a number of competitors and leading car manufacturers sourced through our network.
