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Recent Transactions

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Filtered by Sector: Transport

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Recent Transactions

Seneca Corporate Finance have a track record of delivering successful mid-market transactions. This reflects our expertise as experienced advisors focused on client objectives

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Argyle Satellite

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Argyle Satellite


Sale of Argyle Satellite Taxis to ComfortDelGro Corporation

Deal Type: Sale

Deal Size: £7.0m 

Seneca Corporate Finance acted as the lead adviser to the shareholders of Argyle Satellite Ltd and Argyle Satellite Contract Services Ltd (together known as "AST") on the sale of the business to Singapore-headquartered ComfortDelGro Corporation, through its CityFleet Networks subsidiary.

AST manages more than 700 self-employed drivers on its circuit and handles about 200 active corporate accounts and currently operates across three licensing areas in Liverpool City Region – The Wirral, Liverpool and Cheshire West, as well as Chester.

ComfortDelGro Corporation is a Singapore-headquartered company and made the acquisition through its CityFleet Networks subsidiary. Besides taxi and private hire operations in Liverpool, the acquiring group operates a fleet of about 3,000 radio taxis in London and Aberdeen.

Apart from its business in Singapore, ComfortDelGro has a significant overseas presence. The group’s operations currently extend from the UK and Ireland to Australia, Vietnam, Malaysia, as well as across 11 cities in China, including Beijing, Shanghai, Guangzhou, Shenyang and Chengdu.

 

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CMAC – Cabfind

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CMAC – Cabfind


Acquisition of Cabfind

Deal Type: Acquisition

Deal Size: Not Disclosed

Seneca Corporate Finance advised the shareholders of CMAC Group on the acquisition of Aircinks.
Accrington based CMAC Group is a leading provider of managed ground transport and accommodation solutions across a wide range of sectors. CMAC Group acquired the Wirral based managed transport solutions provider and key competitor Cabfind to complement organic growth and expand the range of transport solutions offered.

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CMAC – Cabline

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CMAC – Cabline


Acquisition of Cabline

Deal Type: Acquisition

Deal Size: Not Disclosed

Seneca Corporate Finance advised the shareholders of CMAC Group on the acquisition of Aircinks.
Accrington based CMAC Group is a leading provider of managed ground transport and accomodation solutions across awide range of sectors. CMAC Group acquired managed taxi, bus and coach hire specialist Cabline to complement organic growth.

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CMAC – Aircinks

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CMAC – Aircinks


Acquisition of Aircinks

Deal Type: Acquisition

Deal Size: Not Disclosed

Seneca Corporate Finance advised the shareholders of CMAC Group on the acquisition of Aircinks.
Accrington based CMAC Group is a leading provider of managed ground transport and accommodation solutions across a wide range of sectors. CMAC Group acquired Barcelona based Aircinks in order to develop a managed ground transport solution in Spain.

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