CityFleet Networks Limited
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CityFleet Networks Limited - overview
Established
1974
Location
London, -, UK
Primary Industry
Transportation Services
About
Based in London, UK, and founded in 1974, CityFleet Networks Limited operates as a provider of taxi and private hire services to individuals across the UK, supporting a range of transportation needs. In October 2024, CityFleet Networks Limited agreed to acquire Addison Lee Limited from Cheyne Capital Management for GBP 269. 1 million. As of 2024, the company is led by its CEO, Edward Thomas.
The company's brands include Argyle Satellite, ComCab Aberdeen, ComCab Liverpool, and KingKabs. The company provides a wide range of ground transportation services, such as traditional taxis, private hire vehicles, executive cars, zero-emission vehicles, and wheelchair-accessible vehicles. It also offers airport transfers, event management services, and account services for businesses. Additionally, the firm also provides services such as GPS tracking, booking systems, and dedicated local account management.
CityFleet Networks primarily serves markets across the UK and is expanding its operational reach to include additional geographical regions. CityFleet Networks generates revenue through a structured transactional model primarily focused on B2B relationships. The company establishes bespoke accounts for its clients, which may involve a fee for account creation and maintenance, alongside transactional fees for each ride facilitated through their platform. CityFleet Networks Limited plans to extend its services beyond the UK market into Europe, targeting specific cities by 2025.
Current Investors
ComfortDelGro Capital Partners
Primary Industry
Transportation Services
Sub Industries
Car Hire Services
Website
www.cityfleet.co.uk/
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
CityFleet Networks Limited - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | CityFleet Networks Limited | - |
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