Cavendish Debt Advisory has advised Jamma on securing debt facilities to facilitate the acquisition of the business by search fund, Lexana Capital, with debt funding provided by Tresmares Capital.

Jaama is an award-winning SaaS provider of cloud-based fleet management software to the leasing and wider fleet management industries. Jaama is a market leader with its patented Key2 technology enabling clients to optimise their fleet performance, maximise efficiencies, control costs and reduce risk. The Company attributes its success to consistent year-on-year investment in Key2 which ensures the system is always at the cutting-edge of fleet and asset management.

The Company was acquired by Lexana Capital, a UK-based Search Fund, with debt financing to support the acquisition provided by Tresmares Capital.

Krishan Raval, Director at Cavendish Debt Advisory, commented:

“After many months of hard work in uncovering Jaama as an acquisition opportunity, Andrew approached us to support him on this transformational acquisition. As we quickly got up to speed we were able to see just how strong a business Jaama was which enabled us to drive a very competitive process. However, Tresmares stood out as the ideal lender with a strong understanding of the fleet management space as well as the nuances of working alongside a search fund. We look forward to seeing Jaama thrive in the future.”