BDO’s M&A team has advised Select Car Leasing, the UK's largest and most trusted car and van leasing broker, in its successful investment from Mobilize Financial Services.
Founded in 2004, Select Car Leasing has established itself as the UK’s leading vehicle leasing broker with its HQ in Reading and appointed representatives throughout the UK.
Select’s core business model is providing consumers and businesses with access to the most attractive vehicle leasing rates across one of the widest ranges of vehicles on the market.
Mobilize Financial Services is the financial services provider for Renault Group brands. The investment will also see the launch of Select Lease by Mobilize, a new brand operating on the car leasing market in the UK. It will offer a full range of multi-brand car and van offers and services for private and business customers.
Select Car Leasing was advised by BDO’s M&A team, which provided sell-side lead advisory to the shareholders. The lawyers to Select Car Leasing for this deal were Stephenson Harwood LLP
Duncan Lamb, partner at BDO LLP said: “This deal has created a fantastic multi-brand leasing business, which is set to be a huge success given the attributes brought by both parties. It has been a pleasure working with the Select Car Leasing Team in securing a great partner in what was a complex deal and we wish them every success in the future.”
Mark Tongue, Select CEO said: “Thanks very much to Duncan and James for their significant part in getting this complex deal to exchange. We are very much looking forward to focussing on the future of the Select business and helping to ensure that, along with the new Lease Co, we can continue to be major force in the automotive space.”