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DWF advises NorthEdge Capital on the management buyout of fleet management specialist

24 April 2018
Transport
International legal business DWF has advised NorthEdge Capital on the management buyout (MBO) of Prohire, a specialist provider of commercial fleet management solutions, backing the existing management team led by Managing Director Dave Barlow.
Headquartered in Stoke-on-Trent, Prohire delivers fully outsourced solutions to commercial operators incorporating vehicle specification, procurement, funding and fleet management, with a focus on compliance, minimising costs and maximising vehicle and driver efficiency.

NorthEdge has taken a majority stake in Prohire and the capital will be used to broaden the sales function and invest into the development of the ProVision technology platform. NorthEdge will also provide further capital to support the company in its buy-and-build strategy as it looks to accelerate growth through targeted acquisitions which broaden the customer base and service capability.

Jonathan Robinson, DWF National Head of Private Equity, said: “We are delighted to have worked with NorthEdge Capital once again and look forward to seeing Dave Barlow and the management team as they work with the NorthEdge team to deliver their growth plan."

The DWF team was led by Jonathan Robinson with support from senior associates Vicky Thomas and James Cashman, associate Charlotte Walden and solicitor Francesca Kinsella .

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