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Michelmores has advised H2 Equity Partners’ portfolio companies Global Vans and XLCR on the acquisition of LCV Group, to form the Global Vehicle Group.
The LCV Group is one of the UK’s leading providers of vehicles, based in Swansea, Wales. For more than 20 years, the firm has supplied businesses with the vans, cars, fleet services, and flexible hire options.
The LCV Group will join XLCR and Global Vans to create the Global Vehicle Group, a tech-enabled, SME focussed, van and car leasing broker business. The businesses will continue to have the same management and will retain their individual brands and identities.
The Michelmores team advising on the transaction was led by Partner Adam Kean, supported by Senior Associate Angharad Doyle, Associate Ben Adams and Solicitor Harry Jones of the Corporate team. Employment advice was provided by Associate Omar Mahboob, with additional support from the Transaction Real Estate team by Solicitor Shehroze Khan, and the Commercial Team by Associate Sam Kewellhampton.
Adam Kean comments:
“We are pleased to have advised Global Vans and XLCR on this strategically important acquisition, which adds to the growing portfolio of state-of-the art van and car leasing broker businesses. The addition of LCV Group is an innovative step towards smart expansion, and we wish the Global Vehicle Group all the very best.”
Emma Thomas, Chief Financial Officer at Global Vans, adds:
“We’d like to thank Adam and the team at Michelmores for helping us with this successful transaction, seamlessly guiding us through the acquisition process from start to finish. Adding another business to the Group is exciting, as the Group works towards becoming the UK’s best SME specialist broker for LCVs and cars. I am thoroughly looking forward to seeing what the future brings.”
Michelmores’ award-winning Corporate team of 25 specialist lawyers advises clients across the UK and beyond – on capital markets, mergers and acquisitions, management buyouts, impact investing, energy projects, microfinance initiatives and more.
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