Peter
Davenport, MD, said:
“We
are delighted as a management team to have completed this
buy out. We see real potential across the three businesses
and believe that by employing synergies across the entire
operation we are in a stronger position to drive the business
forward.”
Chris Jones of Bates Weston Corporate
Finance commented:
“The vehicle hire and
rental sector continue to strengthen as businesses outsource
provision. The buyout of MKC is well timed to capitalise
on this trend and consolidates MKC’s position in the
market.”
Natwest provided debt and working capital facilities to
fund the buy out, and their asset finance division Lombard,
supplies facilities across the enlarged group. |
