Patron Capital backs Motor Fuels Group
Patron Capital Partners has led the management buy-in of petrol filling stations and retailing stores operator Motor Fuels Group in a joint venture with the new management team Scottish Capital Group. Financial details of the deal remain undisclosed.
Media reports value the transaction at around £40m. SCG and Patron Capital intend to grow the company organically and through bolt-on acquisitions.
Debt
Investec Growth & Acquisition Finance, part of Investec Specialist Private Bank, provided a £25m senior debt package comprised of amortising and revolving facilities.
Company
Motor Fuels Group (MFG) owns and operates 58 petrol filling stations and related convenience retailing stores in the UK. Last year MFG sold around 170m litres of fuel and reported a turnover of over £200m.
People
Stephen White worked on the transaction for Investec Growth & Acquisition Finance. Alasdair Locke of Scottish Capital Group will lead the new management team.
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