“This is an exciting deal for our business. Baird Capital’s experience and resources will be invaluable as we seek to further enhance our services and global reach. Baird’s deep understanding of the financial services industry and its global network will be valuable as we look to drive our growth both domestically and abroad. Our improved capabilities will also help us better serve our...David Vafai | Founder and CEO of bfinance
“After running a formal process to find the right partner to help us grow JBW and take it to its next level, OUTSOURCING Inc. were the natural choice. We had many expressions of interest and offers of investment but none were as compelling as OSI. Cavendish were without doubt the best choice of advisors for JBW and me personally. Together with their Japanese partners, they brought huge value to...Jamie Waller | Founder of JBW
“The Cavendish team, led by Joe Stelzer, has provided invaluable advice in preparing our business for a sale process and assessing our options. This deal will give us more firepower and enable us to expand far more quickly. It’s fantastic news for our high net worth investors and broker partners...Duncan Kreeger | One of the Founders of West One
“Cavendish were without doubt the best choice of advisors for JBW and me personally. Together with their Japanese partners, they brought huge value to the...Jamie Waller | Founder of JBW
“The Cavendish Team have been instrumental in delivering me a buyer which is a perfect fit for my business. I appointed Caroline Belcher to perform an Exit Review which led on to the sale mandate, and they have been with me every step of the way. This is a wonderful milestone in our history and I am...Ian Moore | Executive Chairman Moore Group Limited
The Abraaj Group has sold Rentandes SA to 23 & Park for an undisclosed consideration.
Rentades is the leading leasing company in Colombia, offering vehicles and equipment. The company acquires assets (financed through unsecured loans in the Colombian banking system) and rents them for monthly payments over an agreed period. Upon final maturity of the leasing agreement, clients have the option to purchase the asset, replace it, return it to the company, assign the agreement to a third party or extend it. Rentades operates in three business lines: automobiles, cargo/transport vehicles and heavy equipment. Its offer applies to single assets as well as corporate fleets.
23 & Park is a private investment firm that seeks to acquire and operate middle-market companies in Colombia with superior business models. The firm is headquartered in Bogotá and specializes in the active management of solvent small to medium-sized businesses between US$4–35 million with strong potential to grow sustainably.
The Abraaj Group is a global institution investing in growth markets across Africa, Asia, Latin America, the Middle East and Turkey. Founded in 2002 by Chief Executive Arif Naqvi, the firm has pioneered the private equity industry in many of the markets where it operates with innovation and entrepreneurial drive.
Oaklins’ team in Colombia acted as the exclusive advisor to the sellers in this transaction.