Shakespeare Martineau advises Asset Solutions Group on sale to OCS Group
Shakespeare Martineau has advised Asset Solutions Group on its management buyout to LDC.
LDC has backed the management buyout of the Kent-based retail and financial support services provider, investing £13m in the business.
Following the management buyout, Asset Solutions Group will trade as Retail & Asset Solutions and Vehicle & Asset Solutions in the UK and Retail & Vehicle Solutions in Ireland.
The deal will enable Asset Solutions Group to invest further in technology-enabled services as well as consolidating its position in the UK.
Adam McGiveron, partner at the firm and who advised on the deal said:
“Asset Solutions Group has developed a strong position in the market under parent company OCS Group. The MBO will allow Asset Solutions Group to continue its growth trajectory and unlock further potential across both the UK and overseas markets. OSC Group’s decision to sell has left the business in an incredibly strong position and will be perfectly-placed to drive future growth.”