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Rix & Kay advises Neva in majority share sale to Fleet Alliance

Firm name(s)Rix & Kay Solicitors LLP
http://www.rixandkay.co.uk/
Deal typeBusiness Sale
Industry sectorTransport & logistics
Description

Rix & Kay have completed the majority share sale of Neva Consultants, based in East Sussex to Fleet Alliance, a vehicle funding and fleet management specialist.

The deal was handled by Rix & Kay’s Corporate Team and led by Alan Zeal, Partner.

Alan Zeal commented: “Neva Consultants has for a decade or more worked with Rix & Kay and we were of course delighted to assist when its owners, Graham Prince and Nick Collinson asked us to deal with the sale of a majority stake to Fleet Alliance, a Scottish company they had worked with for many years. An added bonus was the loan of a Maserati to the legal team for the weekend! It will be great to see Neva moving forward as part of the enlarged group.”

“It’s another deal that Rix & Kay can be proud of and adds to our credentials as a Corporate Team that deals with large mid-market deals.”

In 2016, Rix & Kay completed 11 mid-market deals with a combined value in excess of £40million.

Adviser(s)Alan Zeal
Completion date20th February 2017
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