Montagu sells car valuation firm Cap after two years of ownership

 
Michael Bow
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BUYOUT firm Montagu Private Equity yesterday sold portfolio company Cap for £288m.

Cap, which offers independent car valuations, will be acquired by trade buyer Solera.

It marks the end of a two-year ownership period for Montagu.

“We are very proud to have worked closely with Cap’s excellent management team to accelerate the company’s growth, both in the UK and internationally, through significant investment in its data-products, the team and selective acquisitions,” Montagu director Edward Shuckburgh said.

Solera provides software to the car and property marketplace and was founded by chief executive and chairman Tony Aquila.