FleetPlus – management buy-out
Miles Advisory Partners advised the shareholders of FleetPlus on the management buy-out of the business, and raised the funding for the transaction.
Transaction Details
Advisor to the shareholders of FleetPlus and arranger of acquisition funding
Management Buy-out
2012
Overview
- FleetPlus is an Australian vehicle leasing and fleet management business, providing financing and management solutions to corporate and government customers
- The transaction involved a management buy-out led by the chief executive, resulting in a significant increase in management ownership, with founding shareholders retaining a minority interest following a review of the company’s capital structure
- Miles advised shareholders and arranged acquisition funding, supporting a transition to a privately owned structure aligned with management’s long-term strategy
Industry Context
The transaction reflects the role of management buy-outs as an alternative to private equity or a public listing for founder-led businesses seeking to retain independence and a long-term ownership horizon. In the specialty finance and fleet leasing sector, access to competitively-priced funding is central to the business model, making the arrangement of acquisition and operating finance a critical component of the transaction. The deal demonstrates the ability to structure and fund a control transaction while preserving continuity of management and founding shareholders.
