CAP sold to private equity firm
Montagu Private Equity has reached an agreement to acquire the Leeds-based firm from Top Right Group (formerly Emap International). Montagu, which has investments in many sectors, has experience of the motor industry having owned auction firm BCA for a number of years before selling it in 2009.
Edward Shuckburgh, Director of Montagu, said: ‘Montagu believes that CAP has significant opportunities to build on its market leading position. We are excited about working with an experienced and energetic management team, who are eager to accelerate the company's development to the benefit of all stakeholders.’ @PREVIEWEND@
Founded in 1979 CAP’s data and information systems serve leasing, disposal, rental, manufacturer and insurance clients. It is understood the firm will be staying put at its Leeds base.
Ian Rendle (Inset), General Manager of CAP added: ‘All of CAP’s products are based on our expertise within the market place, our close relationships within the industry and our dedication to develop key business solutions for our customers.’