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LEASEDRIVE
OUTCOMES:
Clear strategic business
focus
In 2013, LDC exited Leasedrive and subsequently reinvested in the business in the
same month, retaining an interest as part of a new deal with HgCapital, which acquired 1 acquisition
the controlling stake Major contract win
In 2014, LDC made a further investment alongside HgCapital following their acquisition of Grew market share
Zenith and merger with Leasedrive. The combination creates the largest independent and 53% uplift in turnover
8th biggest vehicle leasing provider in the UK, with a combined funded fleet of more than
Operating profit
50,000 vehicles
increased to 14m
Between our original investment and exit, the growth strategy helped Leasedrives
40m capital gain
turnover increased to 116m a 52% uplift during the investment period. Operating
profit also increased to 14m up from circa 5m since the original investment