Lead Advisors to the management team of Easy Autocentres
About the deal
The acquisition by the management team of 27 HiQ units located in the Midlands from New York stock exchange listed corporate Goodyear Dunlop.
The acquisition established Easy Autocentres as one of the largest independent fast fit operators in the United Kingdom.
How we made a difference
- Raised all-debt funding package to enable management to maximise their equity position
- Structured and negotiated a complex on-going commercial arrangement under a long term franchise agreement
- Delivered transaction despite a deteriorating financial and economic climate
Chris Kisby – Managing Director, Easy Autocentres Limited
On recommendation I appointed Springboard to act as lead advisor. Having previously worked with large national and global accountancy firms, in comparison I have been impressed by the quality of the advice and the level of support offered by Springboard. Their commitment to the Project and their expertise in the face of a tough funding market was essential in helping me buy this business. I would strongly recommend them. Springboard will continue to be a key partner for Easy Autocentres going forward.