StageAcq - Fin - III | Alive
About Zenith Leasedrive
Zenith-Leasedrive is the largest independent vehicle leasing businesses in the UK. The business was formed through the merger of Zenith Vehicle Contracts and the Leasedrive Group in 2014. The combined group provides end-to-end automotive solutions focused on contract hire, short-term hire and fleet management services to customers across the UK. The company operates a fleet of over 64,000 vehicles and focuses on serving blue-chip customers in principally sole supply situations.
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Latest Zenith Leasedrive News
Apr 27, 2015
Posted by Nick Hill on 27 Apr 2015 in the Finance section of Bdaily.co.uk Finance Send Article One of the country’s largest independent car-leasing group’s has just struck a £100m payout following a big refinancing deal. According to Sky News , Zenith Leasedrive (ZLD), headquartered in Leeds and employs more than 500 people, has struck a refinancing deal with its lenders, which is set to become one of the largest dividends paid by a private company so far this year. Owned by Hg Capital, a leading private equity firm, the company was created in March last year after the merger of Zenith Vehicle Contracts and the Leasedrive Group. The company now operates a fleet of more than 64,000 vehicles and focuses on serving blue-chip customers. As part of the refinancing deal, which has allowed the £100m payout, ZLD has agreed with HSBC, Intermediate Capital Group, Lloyds Banking Group and Royal Bank of Scotland to increase its borrowing facilities to £250m. This increase will most likely lead to several more deals for ZLD, which wants to utilize the synergies available from growing scale in a sector such as vehicle leasing. Jon Walden, the former boss of Lex Vehicle Leasing and ex-chairman of HR Owen, the quoted luxury car retailer, was appointed chairman of ZLD by Hg Capital. Hg Capital said: “This platform should also enable further strategic M&A [mergers and acquisitions], where HgCapital’s experience in buy-and-build and the company’s flexible capital structure makes Zenith Leasedrive a compelling acquirer.”
Zenith Leasedrive Frequently Asked Questions (FAQ)
When was Zenith Leasedrive founded?
Zenith Leasedrive was founded in 1989.
Where is Zenith Leasedrive's headquarters?
Zenith Leasedrive's headquarters is located at Anglia House, Holly Park Mills, Leeds.
What is Zenith Leasedrive's latest funding round?
Zenith Leasedrive's latest funding round is Acq - Fin - III.
How much did Zenith Leasedrive raise?
Zenith Leasedrive raised a total of $380.45M.
Who are the investors of Zenith Leasedrive?
Investors of Zenith Leasedrive include Bridgepoint, HSBC, NatWest, Lloyds Banking Group, ICG and 4 more.
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