Scot Group Ltd, an independent vehicle
rental company, has arranged a three-year working capital facility
worth £15 million from GE Capital. The funding will be used to
finance anticipated growth, GE Capital said.
“In total, flow-through funds are expected to reach
£60 million per annum,” GE Capital added.
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Scot Group owns the Thrifty Car & Van Rental
and Dollar Rent-A-Car UK franchise, with a fleet of 12,000 vehicles
operated from 90 locations, making it the fifth-largest rental
company in the UK.
The business opportunity was brought to GE
Capital’s attention by the Bristol office of Grant Thornton, the
lender noted.
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