We advised Palatine Private Equity on their exit from road safety training and services provider, TTC Group Limited.
Palatine first invested in Telford-based TTC in July 2017 (a deal on which Gateley also advised). Since then the company has completed two acquisitions (on which we also acted) and the company’s revenues have increased from around £27m to more than £40m.
TTC provides a range of driver risk management, compliance and training services for clients including major vehicle leasing providers and fleet operators, as well as delivering national speed awareness training courses on behalf of 14 police forces.
The deal sees the TTC management team acquire Palatine’s shareholding in the company, supported by Pricoa Private Capital.
The Gateley team was led by Corporate partner Andrew Cowan, assisted by Poppy Wilkinson, Paven Munder and Banking colleagues, Andrew Madden and Catherine Donnelly.
Andrew remarked “We were delighted to work with long-term clients Palatine and TTC once again on this deal, having advised on Palatine’s initial investment and on TTC’s subsequent complementary acquisitions. We are confident that Jim Kirkwood and the management team will continue to lead the team to further success.”