Lombard will provide asset finance to customers of Leasedrive Velo, a van and car lessor whose senior management last month bought a majority stake in the company
Leasedrive Velo, which late last month
underwent an MBO, has teamed up with Lombard in a new financing
arrangement. Lombard will provide asset finance to customers of
Leasedrive Velo, a van and car lessor whose senior management last
month bought a majority stake in the company.
Senior debt facilities were provided by The Royal Bank of Scotland
(RBS), and additional investment was provided by Lloyds Development
Capital. Private equity provider, Lyceum Capital, sold its majority
stake in Leasedrive Velo for £80 million.
