BRISTOL-based leasing broker Global Vans has secured investment from H2 Equity Partners, an independent investment firm operating in the medium sized business market.
Following the undisclosed investment, the founders of Global Vans, Andrew Hurst and Jonathan Lewis, will continue to lead the business.
In a statement on the company’s LinkedIn page, Global Vans said:
“The business will continue under the current management team: Andrew Hurst (CEO), Jonathan Lewis (COO), Charles Clapham (FD) and Jack Elliott (GM) and the investment will allow it to accelerate its growth ambitions.
“The business will seek to explore new opportunities in the market, particularly in fleet and electric vehicles whilst building its core customer base and servicing it with excellent customer service.”
H2 Equity Partners said it was looking forward to assisting the management team to realise its ambitious growth plans.
The deal was advised by KPMG in Bristol.
What’s the point of private equity? Well, securing a significant minority investment from H2 Equity Partners enables the founders of Global Vans in Bristol to de-risk their investment in a tax efficient manner. Crucially, the transaction provides not only capital but also support to continue to grow the business and build on its success to date.Andrew Hodgson, partner, KPMG Corporate Finance
Jonathan Boyers, head of KPMG Corporate Finance added:
“KPMG Corporate Finance is delighted to have advised Bristol-headquartered Global Vans in securing minority investment from H2 Equity Partners. The transaction provides not only capital but also support to continue to grow the business and build on its success to date.”
The company also recently announced that it had retained its LeasePlan Platinum status for the seventh successive year.
Ralph Morton is the leading journalist in the leasing broker sector and editor of Broker News, the website which provides information and news for BVRLA-registered leasing brokers. He also writes extensively on the fleet and leasing market in both the UK and Europe.