Vertu Motors completed the acquisition of Helston Garages for £120m.

Vertu Motors, an automotive retailer in the United Kingdom, completed the acquisition of Helston Garages, a predominantly premium manufacturer automotive retail group, for £120m. "We are delighted that Vertu Motors has agreed to acquire Helston and 28 dealerships, further evidence of the execution of our long-term strategy to build scale, geographic coverage and deepen our relationships with our key automotive Manufacturers. We are particularly pleased that we have received strong support for the acquisition from our Manufacturer Partners and our lending banks to support the deal. Volvo and Ferrari are introduced to our portfolio, which is a very proud moment for the group," Robert Forrester, Vertu Motors CEO.