TowerBrook announces investment in GBA Group
March 25, 2019 – TowerBrook Capital Partners L.P. (“TowerBrook”) is pleased to announce that it has acquired a minority interest in GBA Group (“GBA” or “the Company”), a provider of end-to-end vehicle logistics services to the global automotive and shipping industries. TowerBrook has invested through its TowerBrook Structured Opportunities Fund (TSO), established in 2015 to pursue not-for-control opportunities in businesses seeking a partner to support their future growth. TowerBrook will be a strategic investor alongside the Judah family, working with Cale and Yaniv Judah, who serve as Group Managing Director and Operations Director respectively.
Based in the UK, GBA provides a range of logistical services for imported and exported vehicles. These include vessel and terminal operations, storage and transportation, technical and pre-delivery inspection (PDI), and vessel agency and freight forwarding. The Company has grown organically since it was founded in 1987 and has developed a leading position in terminal and vessel operations, building lasting relationships with many of the world’s major automotive companies.
TowerBrook’s transatlantic network and its significant experience in the automotive sector made it an attractive partner for GBA. Today’s announcement marks TowerBrook’s second minority investment in a founder-led business in the UK, as TowerBrook continues to seek interesting opportunities in the UK market. GBA will be the fifth minority investment in a founder-led business for the TSO fund, alongside JJA, OVH, La Maison Bleue and GravityBack