STRATHAVEN-based Asset Alliance Ltd (AAL) has today (Thursday 08 March 2012) announced that it has received a £25 million boost to its operation after concluding an investment deal with CS Capital Partners III LP, a fund managed by Cabot Square Capital LLP (Cabot).
Asset Alliance is a dynamic, UK-wide organisation that delivers specialist commercial transport asset finance and fleet management to businesses in the transport and logistics sector. The company covers the whole of the UK from offices in Wolverhampton, Leeds and its head office in Strathaven, South Lanarkshire.
This significant deal will allow them to improve and develop their product offering and strengthen their highly regarded team of specialists who have years of experience in the commercial transport sector.
AAL was formed in early 2010 by Willie Paterson, former director of Asset Finance for Alliance & Leicester Plc. The company began trading in January 2010, and immediately started to place vehicles and trailers on the road after securing deals from key clients across the UK including NHS Scotland, DHL, B&M retail, Next and Garic.
Commenting, Willie Paterson, managing director at Asset Alliance, said:
“This deal is excellent for both parties involved offering Asset Alliance the chance to enhance our portfolio of clients while strengthening Cabot’s position in the asset-based lending sector.
“We are now in the perfect position to capitalise on the banks’ continued reluctance to lend. We can offer the commercial vehicle sector an alternative and cost effective finance solution in combination with our unique full life cycle asset management services. This gives us the most comprehensive offering in the marketplace and will allow us to develop our client base and grow the business.
“We have a very strong team with extensive experience, not only gained whilst working with me at Alliance and Leicester, one of the UK’s leading specialist asset finance lenders at the time, but also in the management of some of the country’s largest fleets. This is the perfect dynamic for Asset Alliance to build the UK’s most successful full-service, contract hire, leasing and fleet management operation; an unique and industry leading proposition.”
Commenting on the deal, Richard McDougall, investment director at Cabot Square Capital LLP, said:
“We are very pleased to have partnered with and invested in Asset Alliance Limited. They are a forward thinking and driven business with a high-quality management team and a strong offering in commercial vehicle asset finance and fleet management.
“Asset Alliance is excellently positioned to grow market share and we look forward to working with the Asset Alliance Ltd team to deliver this growth.”
ENDS
Media Contact:
For further information, to arrange interviews or for images of Willie Paterson, Managing Director of Asset Alliance Ltd, please contact The Inside Line:
The Inside Line / T: +44 (0)1357 523 188
Paddy Cuthbert – E: paddy@the-inside-line.co.uk / M:+44 (0)7968 699636
Craig Wilson – E: craig@the-inside-line.co.uk / M: +44 (0)7795 388473
For more information on Asset Alliance go to: http://www.assetallianceltd.com/
Follow Asset Alliance on Twitter: https://twitter.com/#!/Asset_Alliance
Link with Asset Alliance: http://www.linkedin.com/company/asset-alliance-limited
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Contact: Paddy Cuthbert
Phone: 07968699636
Email: paddy@the-inside-line.co.uk
Website: http://www.assetallianceltd.com/
