International law firm Addleshaw Goddard has advised BlueFive Capital on its acquisition of a 49% stake in LeasePlan Emirates from Ayvens. Solutions+, a Mubadala company and leading provider of business process outsourcing and mobility solutions, will retain the remaining 51% ownership stake.
The transaction marks another significant milestone in BlueFive Capital’s strategy to build a leading regional mobility platform and follows its recent acquisition of a 49% stake in Massar Solutions. Together, the investments demonstrate a concerted plan to strengthen BlueFive Capital’s presence across the UAE’s mobility, vehicle leasing and fleet management sectors.
LeasePlan Emirates is one of the UAE’s leading mobility and car leasing companies, operating a fleet of approximately 7,000 vehicles and providing leasing and fleet management solutions to corporates, government entities, SMEs and private individuals across the country.
The acquisition accelerates BlueFive Capital’s entry into the vehicle leasing and fleet management market through an established platform with a strong customer base, operational infrastructure and regulatory licences. BlueFive Capital will work alongside Solutions+ to support the company’s continued growth, digital transformation and the development of more sustainable mobility solutions across the UAE.
The Addleshaw Goddard team was led by Hardeep Plahe (partner based in London with over 20 years of expertise of Middle East deal-making) and James Whittam (partner based in the UAE with significant Middle East expertise). The duo was supported by colleagues across the firm’s London, Dubai, Riyadh, Oman and other offices, with a core team consisting of Simi Somuyiwa, Managing Associate; along with Associates McLean Wickham, Ryan Shanley, and Lorna Dean.
Hardeep Plahe, Partner, Addleshaw Goddard, commented: “We continue to see strong interest in businesses operating at the intersection of mobility, infrastructure and technology. LeasePlan Emirates is a well-established market leader, and this transaction further reinforces BlueFive Capital’s commitment to building a diversified mobility platform across the region. We also recently advised BlueFive Capital on its acquisition of Massar Solutions. It was a pleasure to support BlueFive Capital on another landmark transaction.”
James Whittam, Partner, Addleshaw Goddard, added: “These strategic investments are helping shape the future of mobility across the GCC. By combining established operating platforms with long-term growth capital and industry expertise, businesses are well positioned to capture the opportunities emerging across the region’s transportation ecosystem. We were pleased to work alongside BlueFive Capital and the wider deal team to  help deliver two strategically important transactions for BlueFive Capital in a short space of time. The teams at BlueFive Capital, PWC and FTI were a pleasure to work with throughout.”
