Latham picks up fare on Carlyle's £300m Addison Lee taxi purchase
Latham & Watkins and West End law firm Joelson Wilson have landed roles on the Carlyle Group's investment in minicab company Addison Lee. The deal, reportedly worth £300m, sees the private equity group take a majority stake in the London and South East of England-based service.
April 22, 2013 at 07:45 AM
2 minute read
Latham & Watkins and West End law firm Joelson Wilson have landed roles on the Carlyle Group's investment in minicab company Addison Lee.
The deal, reportedly worth £300m, sees the private equity group take a majority stake in the London and South East of England-based service.
Funds will be provided through Carlyle Europe Partners III, a €5.4bn (£4.6bn) fund for mid and large cap investments. Carlyle said its investment would focus on driving UK and international expansion for Addison Lee, which currently carries more than 10 million passengers and couriers one million deliveries per year.
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