Private Equity

Plaxton Holdings Limited

In September 2006 the Private Equity team completed the recapitalisation of Plaxton, the UK’s leading manufacturer of luxury coaches and buses, in a deal supported by Barclays.

The recapitalisation follows the strong performance of the business since Aberdeen supported the management buy-out rom Mayflower Corporation in May 2004. This latest transaction has allowed Aberdeen to report a significant return to our Limited Partner investors.

In addition, the transaction gives the business a solid platform from which to increase its recently launched bus models – the Centro and Primo. Since launch, the new products have been extremely well received by the market and underpin the business’s reputation for both high quality design and manufacturing from a UK base.