Add-on Acquisition • Transportation

Avis Budget Group Acquires France Cars

On September 14, 2016, Avis Budget Group acquired transportation company France Cars

Acquisition Context

This is Avis Budget Group’s 2nd transaction in the Transportation sector.
This is Avis Budget Group’s 1st transaction in France.

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M&A Deal Summary
Date	September 14, 2016
Target	France Cars
Sector	Transportation
Buyer(s)	Avis Budget Group
Deal Type	Add-on Acquisition

Target Company

France Cars

Lille, France

France Cars is a vehicle rental company. You can choose among many passenger cars (rental of an economy car, a bus or scooter).

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Buyer Overview 1

Buyer

Avis Budget Group

Parsippany, New Jersey, United States

Category	Company
Founded	1946
Sector	Consumer Services
Employees	18,000
Revenue	11.6B USD (2024)

DESCRIPTION

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 Context for Buyer	#
Overall	8 of 8
Sector: Transportation	2 of 2
Type: Add-on Acquisition	8 of 8
Country: France	1 of 1
Year: 2016	1 of 1

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2015-04-09	Maggiore Rent Roma, Italy Maggiore Rent SpA is a provider of vehicle rental business.	Buy	$160M

DATE

TARGET

DEAL TYPE

VALUE

2015-04-09

Maggiore Rent

Roma, Italy

Maggiore Rent SpA is a provider of vehicle rental business.

Buy

$160M

Explore Related M&A Activity

Transportation M&A - Add-on Acquisition M&A Deals - France M&A - 2016 M&A