Stephenson Harwood And Linklaters Advised on ComfortDelGro's $349 Million Acquisition Of Addison Lee

Stephenson Harwood and Linklaters Advised on ComfortDelGro's $349 Million Acquisition of Addison Lee

Stephenson Harwood has advised Singaporean transport operator ComfortDelGro on its £269 million (USD $349 million) acquisition of British private hire cab and courier company Addison Lee. Linklaters represented the shareholders of Addison Lee in the transaction.

In a filing to the Singapore Exchange (SGX), ComfortDelGro stated that the acquisition aims to strengthen its presence in the premium mobility market, expanding its global taxi and private-hire fleet to over 34,000 vehicles.

Addison Lee is reported to be the largest premium point-to-point transport provider in Britain, with a fleet of 5,000 vehicles and 7,500 drivers. ComfortDelGro currently operates CityFleet Networks across multiple locations in Britain, along with various bus and coach services.

The Stephenson Harwood team for this acquisition was led by Corporate Finance Partner David Dowding, with key support from Associates Charmaine Yuen, Bryton Chin, and Alex Goodman. The team also included Private Equity Partner Chris Manning and Managing Associate Alex Stevens, Litigation Partner Richard Garcia and Associate Peter Sequeira, Tax Partner John Meehan, Managing Associate Byul Han, Associate Ruth Hainsworth, Employment Partner Richard Freedman and Associate Emily Daly, and IP Partner Rob Jacob with Associate Alice Routh.

The Linklaters advisory team for Addison Lee’s shareholders was co-led by Private Equity Partner Andrew Lynch and Corporate M&A Partner Namrata Shah, supported by Banking Partner Nick Le Masurier, Litigation Partner Rory Conway, Tax Partner Alexei Franks, Private Equity Managing Associate William Peck, and Corporate M&A Associate Monique Fraser.