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CAP sold to private equity firm
posted on May 03 2012 by Kyle McWilton
CAP's current owner, formerly known as Emap International, has announced that it has reached an agreement with Montagu Private Equity over the sale of the data company, with the deal expected to be finally sealed later in this month.
Under new ownership, the car data firm intends to continue its current operation and expand into new market segments. Ian Rendle, General Manager of CAP said: "All of CAP's products are based on our expertise within the market place, our close relationships within the industry and our dedication to develop key business solutions for our customers. We are delighted to be partnering with Montagu, who share our vision for the future of the company and fully support us in our continued commitment to delivering a market leading service to our clients."
dward Shuckburgh, Director of Montagu, stated: "Montagu believes that CAP has significant opportunities to build on its market leading position. We are excited about working with an experienced and energetic management team, who are eager to accelerate the company's development to the benefit of all stakeholders."
Founded in 1979 and based in Leeds, CAP quickly established its data as the benchmark for residual value performances, providing its data across the disposals industry. CAP's Monitor service is the leading residual values forecasting tool for the Contract Hire, Leasing, Daily Rental, Finance and Insurance industries.
Montagu Private Equity is one of Europe's leading private equity companies. Founded in 1968 and headquartered in London, Montagu has invested in more than 400 transactions over its 40 year history.