JD classics what a terrible shame
Discussion
Another British company bought out by an Investment Partner group.
Jean-Marc Gales, the former CEO of Group Lotus, will lead the new company as its Chairman and CEO.
Jean-Marc Gales, said: “It is fantastic news that we can today announce a future with financial security and a solid plan for growth, through the acquisition by Wood ham Mortimer Ltd. Despite the difficulties of the recent past, the company remains a world-class organisation with a workforce of dedicated and highly talented individuals. We will continue to grow and develop a business that builds upon the excellence that JD Classics established. We look forward to a future at the absolute pinnacle of classic car restoration, historic competition and sales.”
Wood ham Mortimer Limited is a newly established company wholly owned by HPS Investment Partners LL C, of New York. Jeff Fitts, MD of HPS Investment partners, said: “Our investment in Wood ham Mortimer through this new chapter of its operations recognises its highly credible and experienced CEO and uniquely talented engineers who possess a passion for timeless design and exquisite craftsmanship.”
Jean-Marc Gales, the former CEO of Group Lotus, will lead the new company as its Chairman and CEO.
Jean-Marc Gales, said: “It is fantastic news that we can today announce a future with financial security and a solid plan for growth, through the acquisition by Wood ham Mortimer Ltd. Despite the difficulties of the recent past, the company remains a world-class organisation with a workforce of dedicated and highly talented individuals. We will continue to grow and develop a business that builds upon the excellence that JD Classics established. We look forward to a future at the absolute pinnacle of classic car restoration, historic competition and sales.”
Wood ham Mortimer Limited is a newly established company wholly owned by HPS Investment Partners LL C, of New York. Jeff Fitts, MD of HPS Investment partners, said: “Our investment in Wood ham Mortimer through this new chapter of its operations recognises its highly credible and experienced CEO and uniquely talented engineers who possess a passion for timeless design and exquisite craftsmanship.”
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