At what enterprise value was ZENITH acquired in 2010?

You can find the full valuation details of ZENITH on mynth capital. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Financial Services industry currently tracks an average EBITDA multiple of 13.1x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of ZENITH when it was acquired by MORGAN STANLEY PRIVATE EQUITY?

The exact EV/EBITDA multiple for ZENITH is available on mynth capital. For comparison, the Financial Services sector currently shows an average EBITDA multiple of 13.1x. Join our community for free to access full valuation data and industry trends.

When was ZENITH acquired by MORGAN STANLEY PRIVATE EQUITY?

ZENITH was acquired by MORGAN STANLEY PRIVATE EQUITY in 2010.

What was the revenue of ZENITH at the time of the deal?

The revenue of ZENITH at the time of the deal is estimated to be in the range of 100M - 200M GBP. Register for free to access the full transaction report and exact valuation multiples.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the ZENITH acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the ZENITH deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.morganstanley.com/im/en-ch/intermediary-investor/insights/press-release/ms-private-equity-to-acquire-majority-stake-in-zenith-vehicle-contracts-group-limited.html

← DATABASE

Home Database Financial ServicesZENITH

08/2010

MORGAN STANLEY PRIVATE EQUITY takes majority stake in ZENITH

UNITED KINGDOM Specialty Finance / Asset Leasing & Financing / Fleet Management Finance REV 100M - 200M GBP

Context

Morgan Stanley Private Equity (MSPE) has entered into a definitive agreement to acquire a 60% majority controlling stake in Zenith Vehicle Contracts Group Limited. The equity interest is being acquired through a management buyout from funds advised by Barclays Private Equity (BPE) and Zenith’s management team. Under the transactional framework, Zenith’s executive team will roll over a portion of their equity to retain a 40% minority stake in the business. The transaction is subject to standard regulatory approvals and marks the company's fourth buyout in seven years for the Leeds-based corporate car leaser. It also represents the sixth investment deployed on behalf of the Morgan Stanley Capital Partners V fund.

ZENITH, which reported an EBITDA margin of LOGIN in 2010, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Financial Services sector (13.1x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

-> Deep-dive in Financial Services market trends

Target

Zenith Vehicle Contracts Group Limited operates within the mobility sector as the UK’s largest independent provider of vehicle leasing, fleet management, and vehicle outsourcing solutions. Backed by an operational history spanning over 25 years, the company’s business model centers on delivering integrated mobility services to corporate enterprises and individual clients. The platform’s core asset infrastructure relies on the management and optimization of a scaled commercial risk fleet encompassing 27,300 vehicles.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (GBP)

Year

Rev

EBITDA

EBIT

2010

2009

Other operations with ZENITH

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
01/2017	BRIDGEPOINT	ZENITH	UNITED KINGDOM	Specialty Finance	HgCapital has entered into a definitive agreement to sell its entire majority shareholding in Zenith to private equity firm Bridgepoint. This divestment follows a highly successful investment cycle initiated by HgCapital's acquisition of Leasedrive in December 2013 and its subsequent strategic merger with Zenith in February 2014, a corporate consolidation engineered to capture substantial economies of scale
01/2014	HG CAPITAL	ZENITH	UNITED KINGDOM	Specialty Finance	HgCapital has entered into a definitive agreement to acquire a majority ownership stake in the parent company of Zenith Vehicle Contracts Group Limited from Morgan Stanley Global Private Equity (MSPE)

REFERENCES

Revenue range: 100M - 200M GBP

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of ZENITH by MORGAN STANLEY PRIVATE EQUITY are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Target: zenith

Acquirer: morgan stanley private equity