Quercus Corporate Finance is delighted to announce its role on the sale of Project Tristar Limited to Addison Lee

The Quercus team, led by Adrian Dray, acted for the senior management team of Tristar Worldwide Limited (“Tristar”) with respect to the terms of the sale of their shares in Tristar to Addison Lee and the structure of future incentive plans that have been put in place.

Tristar is one of the world’s leading ground transport providers delivering a highly reliable first class door-to-door chauffeur service.

Adrian Dray, Founding Partner of Quercus said: “This is an excellent deal for Dean and his team and the structure reflects the value that they have created for their shareholders and their potential to deliver further value for Addison Lee”.

Dean De Beer, CEO of Tristar, added:  “I am very pleased we selected a buyer who will grow and invest in Tristar.  We are delighted that we appointed Quercus Corporate Finance to act for management; their understanding of the dynamics between management teams and institutional shareholders has been invaluable. Adrian’s ability to rapidly understand the impact of potential structures on all parties and put forward alternatives has enhanced management’s position and benefited the other parties”.