Barclays Private Equity has bought a majority stake in Camden Corporate Fleet Services Ltd (CCFS).

BPE is investing £27m alongside the existing management team and current shareholders.

Ian Wardle, who joins CCFS as chief executive, is also investing in the deal. The investment will be used to support CCFS’s growth plans in the sector.

Established in 1996, CCFS provides a range of services such as vehicle delivery, taxation and registration, management, refurbishment and re-marketing of ex-fleet vehicles. CCFS also operates a number of new and used car dealerships across the Ford, Vauxhall, Nissan and Renault marques.

In June this year CCFS acquired rival fleet services provider Inchcape Automotive Ltd.

Anton Wellenreiter, director of Barclays Private Equity, said: “The deal is an exciting opportunity to back the CCFS team and Ian Wardle, who together have unrivalled experience in this sector. We look forward to supporting their growth plans for the business, building on their impressive track record to date.”