WestBridge Capital has acquired a majority shareholding in one of the UK’s leading vehicle and rail wash systems providers, Wilcomatic Limited, as well as providing growth capital.
Wilcomatic supplies vehicle wash systems to fuel forecourts across the UK, including to all of the UK’s major supermarkets. They’ve over 3,000 machines in use, and plan to double that amount over the next three years. They also provide a full range of forecourt equipment, including jet wash, tyre inflation, and water recycling systems, and vacuum units.
Sandy Smart, founding partner at WestBridge Capital said:
It was a pleasure to work with Capital Law once again, this time on acquiring a majority stake in Wilcomatic. Tom Kelleher leads a team of great lawyers – tough but pragmatic, and with excellent service delivery at all levels. Capital’s support throughout the MBO process has ensured that we start our partnership with Wilcomatic’s management team on the best possible footing.”
Tom Kelleher, Private Equity partner at Capital Law, who led our team on the deal said:
Capital Law is delighted to have acted for WestBridge in the Wilcomatic transaction. Wilcomatic is a market leading and growing company, and with WestBridge’s proven approach, in combination with the Wilcomatic management team, we look forward to seeing Wilcomatic deliver on its exciting and ambitious growth plan.”
