Sale of Tructyre Fleet Management

    Completion Date: 10/17

    Target: Tructyre Fleet Management

    Acquirer: Michelin Group

    Deal Value: Undisclosed

    Details: Spectrum Corporate Finance and Moore Blatch have successfully advised the shareholders of Tructrye, the well-known truck tyre supplier and service provider with 26 service centres across the UK, on the strategic sale to Michelin

    Funding: Natwest: Chris Ray – previous funders to Tructyre

    Corporate Finance Advisers: Spectrum Corporate Finance:  Darren Miller – lead advisory to the shareholders at Tructyre

    Legal Advisers: Moore Blatch: Roger Bailey and Kirsty Bowyer – legal advice to shareholders at Tructyre

    Financial Due Diligence: Deloitte