Travers Smith private equity partner Paul Dolman has advised on the acquisition by Finn Bidco Limited (backed by Lyceum Capital Partners LLP) on the acquisition of Isotrak Limited, a vehicle tracking and fleet management software provider, from Saints Chamonix Private Equity.

Investing alongside the existing management team, Lyceum Capital has taken a majority share in the business, which recently won contracts with a number of leading retailers in North America to add to its blue chip UK customer base. 

Established in 1999, Isotrak provides vehicle tracking and fleet management software to enable businesses that operate large fleets of heavy goods vehicles (HGVs) and light commercial vehicles (LCVs) to reduce costs, improve operational efficiency, lessen their environmental impact and improve customer service. 

Isotrak tailors its modular, cloud-based software platform to meet the complex fleet management requirements of its customers, which include large blue chip retailers, leading third party logistics providers and other corporates. The business’s products, which are hardware agnostic, are delivered on a managed service basis and provide customers with real time visibility of the performance and location of their own fleets and those of their third party suppliers.

Lyceum will work alongside Isotrak’s experienced management team, led by Executive Chairman Gavin Whichello and UK Managing Director Greville Coe, to further advance the business’s strong position in the UK through accelerated development of its advanced product suite, whilst targeting rapid organic growth in the North American complex fleet management segment (HGVs and LCVs in fleets of over 100 vehicles) – which is estimated to be worth £12.3bn.

The Travers Smith team was led by private equity partner Paul Dolman, who was assisted by senior corporate associates William Yates and Christopher Flavin, tax partner Kathleen Russ and banking partner Charles Bischoff. Saints Chamonix Private Equity were advised by Dickson Minto WS while the management team were advised by Mishcon de Reya.