Houlihan Lokey Advises Asset Alliance Group

Houlihan Lokey is pleased to announce that Asset Alliance Group Holdings Ltd. (Asset Alliance), the UK’s leading provider of truck and trailer and bus and coach leasing, has been acquired by Arbuthnot Banking Group plc (Arbuthnot). The transaction closed on 31 March 2021.

Asset Alliance is the UK’s leading independent end-to-end specialist in commercial vehicle financing for all the needs of the truck, trailer, bus, and coach sectors. The integrated nature of the company’s offering is unique in the market, as it includes market-leading procurement securing the best buying terms, bespoke financing solutions, high-quality in-life fleet management, and end-of-life vehicle optimisation and disposal.

Asset Alliance was founded in 2010 and received investment from CS Capital Partners III LP, a fund managed by Cabot Square Capital LLP (Cabot), in 2011. Under Cabot’s ownership, Asset Alliance has grown into a business with almost 5,000 vehicles under management and a net book value of approximately £150 million as at 31 August.

This most recent transaction further strengthens Houlihan Lokey’s leadership in specialty finance, a core expertise of the Financial Institutions Group (FIG).