Reading-based lawyers at international legal practice Osborne Clarke have advised the management team of TTC Group, the leading driver risk-management and road-safety training provider, on an investment from Pricoa Private Capital.
As part of this transaction Palatine Private Equity has successfully exited its investment in TTC Group.
TTC provides a range of tech-enabled driver risk-management, compliance and training services for corporate clients, including major vehicle leasing providers and fleet operators, as well as delivering national speed awareness training courses on behalf of 14 police forces.
The business, based in Telford in Shropshire, has developed a proprietary technology platform, TTC Continuum, which integrates data from sources including telematics, connected cameras and other in-vehicle technology, to provide fleet operators with a valuable insight into risk and compliance management, through real-time dashboards.
This enables companies to both assess risk and personalise any required training intervention to a specific driver while being able to assess behavioural changes when comparing both before and after. Providing a return on investment has for a long time been the 'holy grail' for the industry – something TTC Continuum is now enabled to provide to its customers.
The Osborne Clarke team was led by Reading-based Mike Freer, a partner in the firm's private equity team, and fellow partner Mark Spinner, alongside associate director James Taylor, associates Bethany Shingfield, Liam O’Connor (management advisory group), partner Max Millington, senior associate Monika Gajic, and associate Marco Zacchino (leveraged finance) and partner David Nisbet and associate director Robert Thomas (tax).
Jim Kirkwood, CEO of TTC Group said: “We’ve really enjoyed working with the Osborne Clarke team for a second time. They were alongside us when we completed on our 2017 transaction. Yet again, they have been incredibly supportive, and their pragmatic advice and deal experience has been central to us achieving the result we wanted.”
Osborne Clarke’s management advisory group is a go-to practice for the management teams of businesses engaging in investment transactions. One of only a handful of city firms with a team specifically focused on supporting management teams through the complexities of completing an institutional investment transaction, the management advisory group brings together the deal experience of our private equity team, with the support and skills of specialist tax, employment, incentives, tax and private client lawyers.