 |
|
Leasedrive and VELO merge
The Leasedrive Group has become the UK’s largest privately owned vehicle lending business after it merged with rival firm VELO.
The financial terms of the deal have not been disclosed but it was backed with debt from HSBC.
The enlarged group will trade as Leasedrive VELO, managing a fleet of some 17,500 cars. VELO’s chief executive, Tony Johnston, is joining the group as chief operating officer.
Comments [0] 
Related content
People also read ... |
Related Articles |
Interesting links
Other Sector Watch
- Investment veteran airs fears over UK biotech Oct 21 2008
- Talking rubbish Jul 28 2008
- Crisis?– what crisis? Jul 01 2008
- Let the
drilling begin
May 13 2008 - Bargains on the high street
Mar 13 2008
M&A News
- PLUS admission for TradeLabs Jan 09 2009
- Telereal snaps up a bargain Jan 08 2009
- Doughty Hanson goes shopping for deals Jan 08 2009
- PLUS shell in reverse takeover Jan 07 2009
- Red hot deal for AVC Jan 07 2009
Special Offers
- 2008/09 AIM Guide Nov 12 2008
- Growth Company Investor Magazine: Dec 06 2008
- Cash Shells 2007 - Research report Jul 17 2007
- Venture Capital Trusts Jul 04 2007
M&A Deals
- Neoss gets teeth into £5.5 million Jan 09 2009
- HICL ups stake in Barnet Hospital Jan 09 2009
- MBO at public sector services firm Jan 08 2009
- Compass Group makes headway with KIMCO Jan 08 2009
- Hello Telecom acquires TelNG Jan 07 2009
Business Diary
- M&A Expanding internationally 27th November
- Rosenblatt New Energy Awards 2009 25th February