Bridgepoint £750 million acquisition of Zenith

Overview:

• Bridgepoint has acquired Zenith from HGCapital for £750 million.
• Zenith is a UK vehicle leasing, outsourcing and fleet management provider based in Leeds. The company has 500 employees and a fleet of 85,000 vehicles.
• HGCapital acquired Zenith in 2014 when it merged with HG's existing business Leasedrive.
• Bridgepoint made the acquisition through its Bridgepoint Europe V fund.
• HSBC, RBS and Lloyds are providing the financing.

Sam Duke - Editor