Private equity firm Montagu Private Equity LLP has agreed to
acquire CAP from Top Right Group (which changed its name from Emap
International in March) for an undisclosed sum. The transaction is
expected to be completed later this month.
Leeds-based CAP was founded in 1979 and provides vehicle
valuation data, new vehicle information and business solutions to
the automotive industry.
Go deeper with GlobalData
CAP communications manager Mike Hind told Motor Finance
the acquisition wouldn’t impact customers adversely. “It’s business
as usual,” he said, “with no interruptions to the delivery of
services and products. Customers will see no impact during or
immediately after the transaction.
“It’s much too early to say what Montagu’s plans for the
business are, but they’ve made it clear that they only invest on
this scale if they’re sure it’s an excellent investment opportunity
– and the key to that is investment, which is highly likely to flow
through to our customers.
Keen to grow
Added Hind: “Montagu specifically mentioned the strong
management team in place and singled out the strength and loyalty
of CAP’s staff and the offering to our customers as second to
none.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData“They are keen to grow the business but it’s much too early to
say how.”
CAP general manager Ian Rendle said: “We are delighted to be
partnering with Montagu, who share our vision for the future of the
company and fully support us in our continued commitment to
delivering a market-leading service to our clients.”
Montagu director Edward Shuckburgh said: “We are excited about
working with an experienced and energetic management team, who are
eager to accelerate the company’s development to the benefit of all
stakeholders.”
Duncan Painter, CEO of Top Right Group said the proceeds of the
sale will be reinvested back into its operating businesses in line
with its plans for international growth via strategic
acquisitions.
BCA was one of CAP’s customers that welcomed
the news. Its commercial director D’Vidis Jacobs commented: “This
is good news for CAP as Montagu has a great deal of experience
within the wider motor industry.”
