The Kings Road Tyres Group (KRTG) has returned to private ownership after reaching an agreement to conclude its contractual arrangements with the Sailun Jinyu Group.
Under the leadership of managing director Adrian Bader, KRTG has secured investment and backing from London-based specialist finance house ReSolve and co-investor The Bayway Group. This will allow it to return as a highly competitive player in the UK tyre distribution and services sector. In addition to their financial investment, ReSolve’s expertise will provide professional advisory services and strategic guidance to Adrian and his management team.
“ReSolve has shown great commitment and clarity in what is needed for our next stage of development and I am looking forward to a successful, long term relationship with them,” Adrian Bader commented.
Senior Partner of ReSolve, Cameron Gunn, said “We are delighted to complete this transaction with the support of our investment partner Ken Browne at The Bayway Group. We are already working with Adrian Bader and his team on the next phase of Kings Road Tyres’ development.”
In re-establishing itself as an independent business, KRTG continues to be strongly supported by major tyre manufacturers. It also holds exclusive UK distribution agreements for the Fullrun TBR and passenger car ranges, Taurus, and Speedway agricultural tyres and house brand Kingstone, for implement products and tubes.
KPMG’s Midlands Deal Advisory team acted as advisor to KRTG. Chris Pole, Partner, said “This transaction reflects a great opportunity for KRTG to re-establish itself in the market. The joint investment and support will provide the platform for future growth and expansion. We are delighted to have advised KRTG and wish them, ReSolve and Ken Browne the best for the future”.
Operating internationally since 2006, ReSolve is a specialist finance house, with over 100 years of boardroom experience, providing advisory services and capital to multinationals and growing listed and private businesses. www.resolvegroupuk.com
For any questions or further comments, please get in touch with Cameron Gunn via firstname.lastname@example.org.