M&A Deal Summary

Avis Budget Group Acquires Avis Europe

On October 3, 2011, Avis Budget Group acquired retailer Avis Europe for 1.0B USD

Acquisition Highlights
  • This is Avis Budget Group’s 1st transaction in the Retail sector.
  • This is Avis Budget Group’s largest (disclosed) transaction.
  • This is Avis Budget Group’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2011-10-03
Target Avis Europe
Sector Retail
Buyer(s) Avis Budget Group
Deal Type Add-on Acquisition
Deal Value 1.0B USD

Target

Avis Europe

United Kingdom
website
Avis Europe PLC is a provider of vehicle rental services in europe.

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Buyer(S) 1

Buyer

Avis Budget Group

Parsippany, New Jersey, United States

website


Category Company
Founded 1946
Sector Consumer Services
Employees18,500
Revenue 12.0B USD (2022)
DESCRIPTION
Avis Budget Group's corporate headquarters in Parsippany, New Jersey.
Avis Budget Group's corporate headquarters in Parsippany, New Jersey.

Avis Budget Group is a provider of vehicle rental and car sharing services. The Company operates three brands, which include Avis, Budget and Zipcar. Avis Budget Group was incorporated in 1946 and is based in Parsippany, New Jersey.


DEAL STATS #
Overall 3 of 8
Sector (Retail) 1 of 2
Type (Add-on Acquisition) 3 of 8
Country (United Kingdom) 1 of 1
Year (2011) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-23 Carey

Washington, District of Columbia, United States

Carey is a provider of premium chauffeured vehicle services through a worldwide network of owned and operated companies, licensees and affiliates serving 546 cities in 60 countries. Carey provides a full range of chauffeured vehicle and logistics services, including luxury airport transport, road shows, special events, and tours.

Buy $60M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-24 Apex Rental Cars

Christchurch, New Zealand

Apex Rental Cars Ltd. is a provider of car rental services.

Buy -