Acquisition of European Vehicle Contracts Limited by Maxxia

Deal typeTransaction Services
IndustryFinancial Services

The BDO Transaction Services team have advised Maxxia (UK) Limited, a provider of enterprise wide asset financing solutions, on its acquisition of European Vehicle Contracts Limited, one of the UK's leading specialist point-of-sale car finance brokers.

European Vehicle Contracts Limited, which trades as Eurodrive Motor Finance, joins a group of companies owned by McMillan Shakespeare Limited, an Australian listed company.    

"The team from BDO performed financial and tax due diligence services on this transaction. Early in the process, BDO proposed conference calls with the vendors to make introductions and “set the scene”. These worked really well and helped to establish good working relationships ahead of a busy couple of weeks. Feedback from BDO was proactive throughout and the proposed timetable was met. We were delighted with the service provided and would welcome the opportunity to work with BDO again in the future."   

Simon Cotton, Corporate Director