Addleshaw Goddard with BlueFive on 49% stake acquisition on LeasePlan deal
Addleshaw Goddard has advised BlueFive Capital on its acquisition of a 49% stake in LeasePlan Emirates from Ayvens. Solutions+, a Mubadala company and provider of business process outsourcing and mobility solutions, will retain the remaining 51% ownership stake in the UAE-based fleet management company.
LeasePlan Emirates operates a fleet of approximately 7,000 vehicles, providing leasing and fleet management solutions to corporates, government entities, SMEs and private individuals across the UAE. The acquisition gives BlueFive Capital entry into the vehicle leasing and fleet management market through an established platform with an existing customer base, operational infrastructure and regulatory licences.
The context
The transaction follows BlueFive Capital’s recent acquisition of a 49% stake in Massar Solutions, and together the two investments reflect a broader strategy to build a regional mobility platform across the UAE’s vehicle leasing and fleet management sectors. BlueFive Capital will work alongside Solutions+ to support LeasePlan Emirates’ continued growth, digital transformation and the development of more sustainable mobility solutions.
Legal team
The Addleshaw Goddard team was led by partners Hardeep Plahe (pictured left), based in London, and James Whittam (pictured right), based in the UAE, drawing on the firm’s offices across London, Dubai, Riyadh and Oman. The core team also included Simi Somuyiwa, managing associate, and associates McLean Wickham, Ryan Shanley and Lorna Dean.
