The Company has operated for more than 5 years and is an operational leasing and car rental business. The Company has recently received a quality award in Europe. The client portfolio is selective composed of financial institutions, service & manufacturing companies. Gross profit of the contracts range from 9-22%. The Company’s fleet consists of close to 800 vehicles. The total number of employees is 13.
The Company’s net sales in 2014 around Usd 10 Mio where as the net profit is Usd 2 Mio. The partners are preferably seeking to sell the majority of the shares if not full sale to a strategic player. The management is in place, hence the managing partner holding 30% of the shares is willing to stay in the management, however sale of up tp 50% to a private equity is also considered based on the terms of offer. The Company’s management intends to finance the growth of fleet with external working capital in addition to already existing credit lines of banks.