Tristar Limited has been acquired by Addison Lee Ltd
Octopus Ventures Limited has sold Tristar Limited to Addison Lee Ltd. for an undisclosed consideration.
Tristar provides chauffeur services. It offers airport transfer and ground support services for international events, hospitality programs, conventions, and corporate and financial road shows. It has more than 200 staff and over 450 drivers. The company has headquarters on three different continents and a multitude of regional centers across Europe, North America and Asia.
Addison Lee is Europe’s largest private hire company providing courier and passenger transportation services. Addison Lee and Tristar have the potential to create a truly global luxury car operator, able to offer a seamless international service across markets and geographies.
Oaklins Cavendish, based in the UK, advised the seller in this transaction. The team has considerable experience in advising luxury brands and premium travel businesses and was able to create a competitive process for the sale of Tristar, drawing on the local expertise of Oaklins' teams across the Far East and in the USA, culminating in the sale to Addison Lee.
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