Project Description

HMT LLP advised Chiltern Capital backed by Keyhaven Capital, on their investment into leading vehicle body repair provider, Steer Automotive Group.

Established in 2003, Aylesbury based Steer Automotive Group is one of the largest accident repair groups in the UK, with nine centres covering the whole of the Midlands and into Buckinghamshire.  Steer Automotive are focused on delivering outstanding repairs by combining the latest techniques and the most effective technology to a strong customer base, and their highly trained technicians deliver over 12,000 repairs per year across its 11 sites.

Steer Automotive has already completed its first acquisition since receiving Chiltern’s investment, acquiring Premier Panel Skills, a prestige vehicle repair specialist which is one of only 14 Porsche approved repairers in the UK.

Following on from this investment from Chiltern Capital, backed by Keyhaven Capital, Steer Automotive will continue to be led by Richard Steer alongside a strengthened management team.  The investment places the group in an ideal position to deliver its ongoing growth strategy as well as further expand its geographic footprint.

HMT undertook financial due diligence for Chiltern on this transaction.

Alistair Gray, Investment Manager at Chiltern Capital commented:

“Quote.”

Paul Read commented:

“We are delighted to have advised Chiltern Capital on their investment in industry leader, Steer Automotive Group.  With this investment, Steer is now ideally placed to extend its current capabilities, expand geographically and build upon its next stage of development and continued growth strategy.  We look forward to working with Chiltern Capital again in the future.”