Less than one week after red driving school went into administration due to finance troubles, a new buyer has been found for LVG ltd the parent company by MCR.
Kelso Place a private equity specialist company has agreed to buyout the red driving school operation by investing millions of pounds and thus saving 400 jobs of the Brigton based instructor college.
The new owners have said the company is viable, and they will not be changing its management or operation strategy.
Full details of the deal can be found on the times website.
Tuesday, 23 February 2010
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