Jamieson is pleased to announce that it has advised Lee Streets, Jeremy Levine and the management team of Evolution Funding on the investment of the business by The Carlyle Group, and continued investments by Evolution’s founders and LDC.
Evolution Funding, founded in 2002, is the UK’s largest auto finance platform, helping used car dealers sell more cars on finance than any of its market competitors. In 2019, LDC acquired a large stake in the business, which has helped Evolution Funding to expand in the B2B and consumer markets. The investment by The Carlyle Group will help Evolution Funding on their growth trajectory, with plans to further its technology and digital capabilities.
David Kirkpatrick, Stuart Coventry, Henry Balcerak and Helen Briscoe advised the management team on the transaction and new incentive plan arrangements.
