Morgan Stanley Private Equity (MSPE)
has acquired a majority stake in fleet management group Zenith
Provecta.

The private equity firm obtained a 60%
stake in the company leaving the remainder to Zenith Provecta
management.

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Zenith Provecta chief executive
officer Andrew Cope said: “We are excited to welcome MSPE as our
new partner and look forward to working closely on our shared
vision developing the company’s true potential in the coming
years.”

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