K&L Gates Advises Tristar Worldwide in Sale of Luxury Car Business
Tristar, which operates the largest luxury car fleet in the UK, has revenues of $50m per year with a global footprint of offices in London, Manchester, Paris, New York, Boston, and Hong Kong. This acquisition enables Addison Lee to create Europe’s largest executive car service and expand its operations in the U.S. and Asian markets, with a combined fleet of approximately 1,000 premium vehicles worldwide.
London corporate partner Paul Tetlow led the K&L Gates team that advised the vendors, supported by London corporate senior associate Riley Kemp, corporate trainee Patrick Dixon, tax partner Giles Bavister, tax associate David Jacob, and employment senior associate Emma Thomas.
Paul Tetlow stated: “We are delighted to have assisted the vendors of Tristar with this deal, which will be highly significant in the global executive car market.”
K&L Gates comprises approximately 2,000 lawyers globally who practice in fully integrated offices located on five continents. The firm represents leading multinational corporations, growth and middle-market companies, capital markets participants and entrepreneurs in every major industry group as well as public sector entities, educational institutions, philanthropic organizations and individuals.