Tuskerdirect Limited
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Tuskerdirect Limited - overview
Established
2000
Location
Watford, Hertfordshire, UK
Primary Industry
Transportation Services
About
Based in the UK, and founded in 2020, Tuskerdirect Limited, trading as Tusker and Tuskercars, formerly known as Diplema 440 Limited, operates as a vehicle leasing firm that provides car benefit schemes for customers. In February 2023, Lloyds Banking Group fully acquired Tuskerdirect Limited from ECI Partners for approximately GBP 300 million. As of 2023, the company’s CEO is Paul Gilshan. Tuskerdirect provides a car benefit salary sacrifice scheme for company employees so that they get access to insured cars, mainly EVs, for a tenure of 15 years while paying fixed monthly contributions that are deducted from their pay.
The company offers company cars to both public and private sector businesses in the UK.
Current Investors
Smedvig Capital, ECI Partners
Primary Industry
Transportation Services
Sub Industries
Car Hire Services, Internet
Website
www.tuskercars.com
Company Stage
Mature
Total Amount Raised
Subscriber access only
Tuskerdirect 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LP Direct, Trade Sale | Completed | Tuskerdirect Limited | - | ||||||||
| Secondary Buyout | Completed | Tuskerdirect Limited | - | ||||||||
| Buyout | Completed | Tuskerdirect Limited | - | ||||||||
| Growth | Completed | Tuskerdirect Limited | - |
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