Liberty Corporate Finance is pleased to announce the completion of the Barclays Private Equity backed Management Buy-out of Leighton Buzzard based Camden Corporate Fleet Services.

Established in 1996, CCFS has grown to become a leading provider of services to large fleet customers, such as vehicle rental firms and insurance courtesy cars. CCFS offers a range of services such as vehicle delivery, taxation and registration, in-life management, refurbishment and re-marketing of ex-fleet vehicles. CCFS also operates a number of new and used car dealerships across the Ford, Vauxhall, Nissan and Renault marques. In June this year CCFS acquired rival fleet services provider Inchcape Automotive Ltd, giving CCFS a significant increase in operational capacity and providing a platform for future growth.

Liberty were appointed by Barclays Private Equity to assist the CCFS management team in the preparation of a business plan and forecasts and to advise on deal related issues.

Headquartered in Leighton Buzzard but with logistic operations in Islip and Corby in Northamptonshire and dealerships in Milton Keynes, Dunstable, Aylesbury and Northampton, CCFS deals with all the major vehicle manufacturers and vehicle rental companies in the UK. Steve Thomson from Liberty commented: “CCFS is a substantial local business with huge opportunities to integrate its recent acquisition of Inchcape Automotive Limited and to continue to provide outsourcing solutions to the vehicle manufacturers and its vehicle rental customer base. We enjoyed working with BPE and the management team at CCFS and look forward to working with them again in the future.” Nick Roberts, CCFS Finance Director commented: “The investment by Barclays Private Equity will enable us to develop the business through its next growth phase. The mechanics of the buy-out process were new to the management team and Liberty worked with us, using their Corporate Finance skills and buy-out experience to enable us to deliver what BPE and the banks needed in the buy-out.”



1 September 2007