Liberty Corporate Finance is pleased to announce the completion of the secondary buyout of Tusker, the UK’s market leading salary sacrifice car scheme provider.
ECI Partners has invested in the business to support Tuskers continued rapid growth with the previous investors, Smedvig Capital, exiting after a highly successful relationship with the company.
The existing management team of David Hosking (Chief Executive Officer), David Brockwell (Chief Financial Officer), Mark Sinclair (Chief Operations Officer) and Iain Carmichael (Chief Commercial Officer) will remain in place to continue to execute the highly successful strategic plan and will be joined by the newly appointed Chairman Richard Prosser.
Liberty were appointed to provide management advice to David Hosking and his management team on this transaction.
David Hosking commented:
“The team at Liberty were great to work with working extremely hard in achieving the best possible outcome for the management team and our business. They were committed to doing whatever it takes, whatever the hour, and we really felt as if they were in it with us.”