San Francisco-based ride-hailing company Lyft has acquired Glasgow-headquartered luxury vehicle hire firm TBR Global Chauffeuring for £83m in cash, plus additional contingent costs.

The business has grown to operate in more than 3,000 cities across 120 countries, servicing the likes of Fortune 500 companies, investment banks and major events.

The deal will combine Lyft's technology platform with TBR's service, through a network of independent fleet partners with professional chauffeurs and expertise in corporate, executive and event transportation.

TBR will continue to operate under the same brand and leadership team.

The transaction, which was agreed on 15 October, saw Dentons advising TBR, led by partner Brian Moore.

Additional support was provided by Japanese law firm Mori Hamada &

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