Zenith is the largest independent vehicle leasing businesses in the UK formed through the merger of Zenith Vehicle Contracts and the Leasedrive Group in March 2014. Headquartered in Leeds, with full-service operations in both Solihull and Wokingham, the combined group has over 500 employees and provides end-to-end automotive solutions focused on contract hire, short-term hire and fleet management services to customers across the UK. The company operates a fleet of over 64,000 vehicles and focuses on serving blue-chip customers in principally sole supply situations.
Having identified the sub-sector as attractive for investment in 2011, the HgCapital Services team began building a relationship with the management and shareholders of both Zenith and Leasedrive in 2012. This enabled us to acquire Leasedrive in an exclusive transaction at the end of 2013. In early 2014, HgCapital then acquired Zenith through a bilateral transaction and merged the two companies.