Tristar Limited has been acquired by Addison Lee Ltd
June 2016 — 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.
Our role in the transaction
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.
Talk to the deal team
Related deals
Dan Group Alarm Syd has been sold to Varna Security
Dan Group Alarm Syd, a leading provider of subscription-based security solutions, has been acquired by Varna Security, a newly formed security platform backed by Triton Partners. Through the transaction, Dan Group Alarm Syd enters into a new partnership with Triton Partners, positioning the company for its next phase of growth. As part of Varna Security, Dan Group Alarm Syd will continue to operate independently, retaining its entrepreneurial culture and close customer relationships, while gaining access to capital, resources and strategic support to accelerate expansion.
Learn moreLivlande Agro has been acquired by Merito Partners
Merito Partners has acquired a controlling stake in Gaižēni SIA, one of Latvia’s leading pig farming companies operating under the Līvlande Agro brand, from NCH Capital and other shareholders. The company’s founder and management team will remain actively involved in the business, supporting its continued growth and development.
Learn morePDC Wellness has sold Salon System to Professional Beauty Systems
PDC Wellness has successfully sold its Salon System and Just Wax brands to Professional Beauty Systems (PBS).
Learn more