CAP is a market leading provider of vehicle valuation data, new vehicle information and business solutions to the automotive industry.
With the support of Montagu, management plans to continue CAP’s impressive track record of growth through further investment in the company’s technology and continued expansion into new market segments providing data information solutions to clients in the automotive sectors. Terms of the transaction, which is expected to close later in May, were not disclosed.
Edward Shuckburgh, director of Montagu, said: ‘Montagu believes that CAP has significant opportunities to build on its market leading position. We are excited about working with an experienced and energetic management team, who are eager to accelerate the company’s development to the benefit of all stakeholders.’