Addison Lee

Deal summary

Catalyst Corporate Finance has advised the shareholders of Addison Lee on the growth capital investment by The Carlyle Group (Carlyle).

Founded in 1975 with one car, Addison Lee has grown to a fleet of over 4,500 vehicles. Today, Addison Lee has a significant, established footprint in private hire services across London carrying over 10 million passengers and couriering 1 million deliveries per year.

The focus for Carlyle's investment in Addison Lee will be to drive business expansion both in the UK and internationally by providing transport services to a wider range of blue chip corporates and individual customers. This will be achieved by enhancing customers' access to the company's extensive fleet and significant new innovations in the company's proprietary technology platforms and brand experience.

What difference did we make?

We were appointed by Addison Lee to advise the shareholders on the investment and to manage the process through to completion. We set out a timetable with the objective of completing a transaction within three months. The process included an upfront business planning and financial modelling exercise to ensure that we could manage an intensive commercial and financial due diligence process typical for a transaction of this type. Based on our experience of delivering private equity transactions we were able to deliver the transaction in line with the original timetable and as per the deal terms set out in the Heads of Agreement.

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What our client said
"It is fair to say that I underestimated the amount of work that would be required and think that the intensity and quality of the work was phenomenal." Liam Griffin
CEO Addison Lee