Osborne Clarke has advised the sellers of FleetEurope, a leading provider of bespoke fleet management, vehicle leasing and vehicle rental services, on its acquisition by Fleetondemand, one of Europe’s most prominent developers of multi-platform Mobility-as-a-Service solutions in the corporate automotive industry.
The deal was funded by Fleetondemand’s existing long-term investment partner BGF, which invested in the technology business last year. The combined business will be led by an experienced board of industry leading executive directors from Fleetondemand, FleetEurope and BGF.
This deal will enable Fleetondemand to accelerate the growth of its Mobility as a Service (MaaS) technology and services within the vehicle rental sector, through the provision of its market leading Mobilleo application to FleetEurope’s long-established, blue-chip client base.
Customers in the UK and abroad will benefit from access to a suite of MaaS technology solutions and the UK’s largest vehicle rental fleet of over 600,000 vehicles from 2,200 branch locations nationwide, using the latest version of Fleetondemand’s vehicle rental platform. The award-winning system currently manages 320,000 rental transactions a year from 19,000 individual users.
Osborne Clarke Partner and head of the BTG practice group Greg Leyshon (Picture), Associate Director Caroline Drummond and Senior Associate Louise Stuart-Buddery advised the sellers of FleetEurope. Other members of the Osborne Clarke deal team were Partners Erika Jupe and Rebecca Tuffs, Legal Director Clare Burman, Associate Directors Victoria Dingle and Claire Bowles, Senior Associate James Law and Associates Helena Zaba and Rhiannon Jones.
Involved fees earner: Claire Bowles – Osborne Clarke; Clare Burman – Osborne Clarke; Victoria Dingle – Osborne Clarke; Caroline Drummond – Osborne Clarke; Rhiannon Jones – Osborne Clarke; Erika Jupe – Osborne Clarke; James Law – Osborne Clarke; Greg Leyshon – Osborne Clarke; Louise Stuart-Buddery – Osborne Clarke; Rebecca Tuffs – Osborne Clarke; Helena Zaba – Osborne Clarke;
Law Firms: Osborne Clarke;