The Coach Travel Group

Our role

Investec worked closely with H2 and Management to provide a highly bespoke bilateral Integrated Asset Based and Cashflow lending package to support H2's complex acquisition and roll-up of seven regional coach operators. This marks our second successful transaction with H2 Equity Partners.

James Cullen, Head of Integrated ABL & Cashflow Lending at Investec commented: “We’re absolutely delighted to be partnering with H2 and the management team in this ground-breaking transaction in the coach travel sector. H2, with their operational focus and expertise are a highly compelling backer for this new Group. By combining our funding against both assets and cashflows, we were able to bring flexibility and an optimum blended cost of capital to the transaction."

Ed Mortimore, Investment Director at H2 Equity Partners said: “This deal was unique and highly complex. The team at Investec took the time to deepen their understanding of the business model and the investment strategy in order to design a bespoke funding structure that catered for both acquisition finance as well as ongoing capital investment."
 

About The Coach Travel Group

The Coach Travel Group (CTG) brings together seven of the UK’s leading regional coach operators: Alpine Travel, Barnes Coaches, Coatham Coaches, JH Coaches, Johnsons Coaches, Swans Travel and The Ready Group. Together these operators will merge to form a unique national group providing a range of unscheduled coach services across the UK, including private hire, contracts for schools and corporations, and holidays and tours.

About H2 Equity Partners

H2 Equity Partners, founded in 1991, is a leading Western European hands-on investment firm focusing on the United Kingdom, Ireland and the Benelux. H2 Equity Partners is an entrepreneurial and hands-on investment company investing in mid-sized companies with significant growth or improvement potential.