Posted Monday 21st June 2021
Joelson, the leading London law firm, has advised long standing client Addison Lee on its acquisition of Com Cab and is associated businesses.
The acquisition will see Addison Lee take over the London fleets of Computer Cab plc (ComCab), City Fleet Networks, and Flightlink creating London’s largest managed private hire and black taxi firm. This is a key strategic acquisition for Addison Lee and the first time it has acquired a company which operates a black taxi offering. As London emerges from the pandemic, there will be a significant increase in demand for safe, quality transport from both corporates and consumers and the new business will be able to meet the need for quality and excellence in a way that no other ground transport organisation can.
ComCab has a strong reputation and will continue to operate under its current brand alongside Addison Lee. Following completion, customers will be able to book car, taxi, and courier services all on one seamless mobility platform
Joelson’s Corporate team was led by Partner Phil Hails-Smith and supported by Solicitors Kate Morter and Louis Dresner as well as employment Partner Jennifer Maxwell-Harris and Senior Associate Reema Jethwa.
“We are delighted to have worked with Joelson again on this transaction. Having worked with them for many years they always deliver and continue to provide us with the practical, commercial advice that we need as we continue to grow our business. They are always great to deal with, responsive and always go the extra mile when it comes to supporting the key developments for Addison Lee. This acquisition will allow us to continue serving our clients with the utmost safety and comfort around London.”
“We’re delighted to have been able to support the Addison Lee team on the acquisition. Following a difficult year its great to be part of such a positive and strategic deal for Addison Lee as London starts to open up and allow it to expand its service offering to all its customers providing a safe way to travel for customers in London.”
This article is for reference purposes only. It does not constitute legal advice and should not be relied upon as such. Specific legal advice about your specific circumstances should always be sought separately before taking or deciding not to take any action.