Lee’s Coaches

Acquirer: Alpro Capital

Alpro Capital has acquired Lee’s Coaches, a County Durham-headquartered coach operator, marking the investment firm’s first investment and entry into the UK coach travel market.Summary of transaction details:Value: Not disclosedSector: Logistics & TransportAdvisor: Middleton Enterprises; legal advice by Mincoffs and financial due diligence by Ryecroft GlentonKey Entities: Alpro Capital; Lee’s CoachesLocation: Langley Moor, County Durham, United KingdomNote: The transaction gives Alpro Capital a platform in an estimated £8 billion UK coach travel market, with potential to improve marketing, fleet utilisation and pursue bolt-on acquisitions.