Asset Alliance Group (Holdings) Limited
Background and business issues
The Asset Alliance Group brings together a best in class commercial vehicle asset finance team with one of the UK’s leading commercial vehicle trading companies to create a business with a unique offering to operators of commercial vehicle fleet.
Deloitte acted for the shareholders of these two businesses to raise the funding required to facilitate the merger of the two companies and the growth capital required to execute the business plan.
Our role and approach
The deal team comprising Ian Steele and Chris Mitchell worked closely with the client from the start of their journey; assisting them in the preparation of the business plan and utilised the firm’s network to introduce the proposition to a wide range of debt and equity funders prior to agreeing a deal with Cabot Square Capital.
Deloitte successfully negotiated and secured £25m of committed funding from Cabot Square Capital to a NewCo that acquired both of the existing businesses.
While the equity element of the funding is now in place, a number of conversations with the asset finance providers are still ongoing with a view to expanding the company’s lending panel.