Charterhouse Buys TA's Drive Assist Stake

TA Associates has sold its stake in Drive Asset UK Ltd. to Charterhouse Capital Partners for $500 million. Drive Asset is a Staffordshire, UK-based provider of replacement vehicles, and received its investment from TA in 2003. www.driveassist.co.uk < ?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />