KKR to Acquire Dawsongroup to Accelerate Growth and Support Fleet Transition

Group Overview - Dawsongroup is a leading independent asset leasing business headquartered in Milton Keynes, UK, with a strong market position and a diverse range of business-critical solutions [2][7] - The company has over 1,150 employees across 11 countries and has developed solid supplier relationships and a diversified customer base since its inception in 1935 [2][8] - Dawsongroup specializes in asset leasing, including vehicles and refrigerated boxes, and offers customized assets along with maintenance and repairs [2][3] Acquisition Details - KKR has entered into a binding agreement to acquire Dawsongroup as part of its Global Climate strategy, which focuses on scaling net-zero solutions and decarbonizing higher emitting assets [1][4] - The acquisition aims to support Dawsongroup's ambitious growth strategy and fleet transition, enhancing its sustainability-led ambitions [1][4] - The transaction is subject to regulatory approvals [6] Financial Performance - Dawsongroup reported a record performance last year with Group EBITDA of approximately £250 million [3] - The company has a sustainable growth strategy in place to unlock its significant potential and expand its market presence [3][5] Strategic Partnership - The partnership with KKR is expected to accelerate the decarbonization of Dawsongroup's vehicle and asset leasing solutions, leveraging KKR's expertise in renewable energy and climate-related investments [4][5] - KKR plans to implement an employee ownership program, allowing Dawsongroup employees to participate in the Group's future success [4] - KKR has invested over $21 billion in renewable energy and climate-related investments, demonstrating its commitment to sustainable solutions [5]