Sale of Tructyre Fleet Management
27 November 2017
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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
