22 Apr '13, 10am

"We are delighted to welcome Carlyle to the Addison Lee family. " - The Carlyle Group Invests in Addison Lee:

The Carlyle Group Invests in Addison Lee, the private hire and transport services provider Apr 19, 2013 Carlyle joins the founders to support future growth of the business Global alternative asset manager The Carlyle Group (NASDAQ: CG) has today announced it has made a significant investment in Addison Lee, a long-established player and well- known brand in the transportation and private hire services in London and the South East of England. Capital for this investment will come from Carlyle Europe Partners III L.P., a 5.4billion Euro fund that makes mid and large cap investments. Terms of the transaction were not disclosed. Founded in 1975 with one car, Addison Lee has grown to a fleet of over 4,500 vehicles. Today, Addison Lee has a significant, established footprint in private hire services across London carrying over 10 million passengers and couriering 1 million deliv...

Full article: http://www.addisonlee.com/press/read/722

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