Rollits advises on Driving Results MBI

Rollits LLP has advised Ian McIntosh on his MBI of Driving Results Limited.

Driving Results, which trades as RED Driving School, is the second largest driving school in the UK with over 1,600 franchised driving instructors. In addition to teaching over 100,000 learner drivers to pass the UK government driving test each year RED Driving School is also the UK's leading provider of vocational training within the driving instructor industry. It has approximately 200 staff and operates nationwide.

Ian, who lives in Walkington in East Yorkshire, joins as chief executive and a substantial shareholder.

The Rollits team was led by Nasim Sharf who is a corporate and tax partner. Donna Ingleby and Ruth Everitt advised on employment issues. Nasim said: 

"Rollits is pleased to be working with Ian again. Ian is a prominent business leader in the Hull and Yorkshire region. He is a former chairman of the Yorkshire and Humber CBI and Yorkshire Forward. He was previously president of the West Division of AAK, the edible oils company, being responsible for its UK, Mexican and North American businesses."

Driving Results is supported by the private equity house Kelso Place Asset Management, which funded the rescue, and subsequent 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, and we are delighted to welcome Ian as chief executive at an exciting time for the Company. We are confident that his experience and skillset will help grow the business through its next phase of development."

Ian McIntosh said:

"I am looking forward to working with the team at Driving Results and Kelso Place. I am grateful to Nasim and his team at Rollits in dealing with the documentation quickly and with the minimum of fuss. I was particularly impressed with Nasim`s knowledge of private equity deals and his guidance on the availability of the enterprise investment scheme (EIS) for my investment."

Posted on: 13/07/2012

This article is for general guidance only. It provides useful information in a concise form. Action should not be taken without obtaining specific legal advice.

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