Transactions

FleetPlus – merger with FleetPartners

Miles Advisory Partners is pleased to announce that we have advised the shareholders of FleetPlus on their merger with FleetPartners.

Transaction Details

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Sector
Business Services
Miles Role

Sell-side advisor to the shareholders of FleetPlus

Deal Type

Mergers & Acquisitions

Year Completed

2014

Contacts for this Transaction
Lloyd Way
Managing Director
Contact Lloyd Way
Alan Dassie
Director
Contact Alan Dassie

Overview

  • Founded in 2001, FleetPlus is an Australian provider of vehicle fleet leasing, novated and operating leases and fleet management services.
  • The combination with FleetPartners, backed by GIC, Ironbridge Capital and Tasman Capital Partners, creates one of Australasia’s leading fleet leasing and management businesses.
  • The combined business will have over 70,000 vehicles under management and approximately 500 staff in Australia and New Zealand.
  • The merger adds scale, funding capacity and a broader product set across the combined group’s corporate and novated-leasing customer base.

Regulatory and Legal Considerations

Foreign Investment Review Board (FIRB) approval was required to complete the transaction.

Industry Context

The transaction was part of a wave of consolidation in the Australasian fleet leasing, novated leasing and salary-packaging sector.