Rollits advises on Driving Results MBI
Rollits LLP has advised Ian McIntosh on his MBI of DrivingResults Limited.
Driving Results, which trades as RED Driving School, is thesecond largest driving school in the UK with over 1,600 franchiseddriving instructors. In addition to teaching over 100,000 learnerdrivers to pass the UK government driving test each year REDDriving School is also the UK's leading provider of vocationaltraining within the driving instructor industry. It hasapproximately 200 staff and operates nationwide.
Ian, who lives in Walkington in East Yorkshire, joins aschief executive and a substantial shareholder.
The Rollits team was led by Nasim Sharf who is a corporateand tax partner. Donna Ingleby and Ruth Everitt advised onemployment issues. Nasim said:
"Rollits is pleased to be working with Ian again. Ian is aprominent business leader in the Hull and Yorkshire region. He is aformer chairman of the Yorkshire and Humber CBI and YorkshireForward. He was previously president of the West Division of AAK,the edible oils company, being responsible for its UK, Mexican andNorth American businesses."
Driving Results is supported by the private equity houseKelso Place Asset Management, which funded the rescue, andsubsequent turnaround, of the business in early 2010. David Cowan,from Kelso Place and director of Driving Results said:
"Kelso Place remains fully committed to Driving Results, andwe are delighted to welcome Ian as chief executive at an excitingtime for the Company. We are confident that his experience andskillset will help grow the business through its next phase ofdevelopment."
Ian McIntosh said:
"I am looking forward to working with the team at DrivingResults and Kelso Place. I am grateful to Nasim and his team atRollits in dealing with the documentation quickly and with theminimum of fuss. I was particularly impressed with Nasim`sknowledge of private equity deals and his guidance on theavailability of the enterprise investment scheme (EIS) for myinvestment."
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