‘Deal of the Year’ – Management buyout of Bodycove plc
HMT, led by partner Andrew Thomson, advised the Management of Tristar Cars Limited (“Tristar”) on the management buyout of Bodycove plc.
Bodycove is a non-trading holding company of Tristar Cars Limited, the UK’s market leading executive chauffeuring business. Bodycove is also the Holding Company of Tristar Services (US) Inc, a fast growing US chauffeuring business.
In the last 20 years, Tristar has developed into the UK’s longest established and market leading executive chauffeuring business. Tristar has developed a market leading position securing an executive blue chip client base with a consistent and reliable service.
Dean De Beer CEO commented:
“The Management Team is very excited to have the opportunity to continue expanding the business, both in the UK and abroad. Andrew Thomson and his team at HMT were incredibly supportive and responsive throughout the MBO process, providing us with sound advice at all times.”
Andrew Thomson commented:
“The success of Tristar has been as a result of a highly accomplished management team, an extensive blue chip customer base supported by an established and scalable infrastructure. HMT was delighted to assist management in achieving this buyout which gives Dean and his team an exciting opportunity to continue the Tristar success and enjoy continued and profitable growth.”