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Private Equity

Carlyle-Owned Addison Lee Profits Under Pressure From Rise Of Mobile App Challengers

by cityam.com posted 2years ago 3035 views
Addison Lee’s profits are being driven down by rising competition from mobile-based apps. The UK private car hire company owned by private equity giant Carlyle has reported post-tax earnings for the year to August dipped to £11.6m, down almost two-thirds from £32.9m in the previous year. 

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