Right To Drive

Overview:

Founded in 2012 by Tasman’s Managing Partner Rob Nichols and others, Right2Drive was built on a common law entitlement ensuring individuals retain vehicle access when not at fault in an accident. Tasman developed the strategic plan and strengthened the leadership team, and actively contributed at board level. The company became one of Australia’s fastest growing businesses recognised in the 2015 BRW Fast Starters.

Outcome:

Tasman commenced the initial contract with potential buyers within the first 6 months of investment, with the company ultimately selling to Eclipx Ltd (now ASX listed Fleetpartners Group - ASX FPR). The exit was a finalist for 2016 Exit of the Year at the Australian Growth Company Awards.

Strategic Fit:

• Resilient, defensive model

• Strong operational improvement