M&A Deal Summary

Avis Budget Group Acquires Maggiore Rent

On April 9, 2015, Avis Budget Group acquired retailer Maggiore Rent for 160M USD

Acquisition Highlights
  • This is Avis Budget Group’s 2nd transaction in the Retail sector.
  • This is Avis Budget Group’s 3rd largest (disclosed) transaction.
  • This is Avis Budget Group’s 1st transaction in Italy.

M&A Deal Summary

Date 2015-04-09
Target Maggiore Rent
Sector Retail
Buyer(s) Avis Budget Group
Deal Type Add-on Acquisition
Deal Value 160M USD

Target

Maggiore Rent

Roma, Italy
Maggiore Rent SpA is a provider of vehicle rental business.

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Buyer(S) 1

Buyer

Avis Budget Group

Parsippany, New Jersey, United States

Category Company
Founded 1946
Sector Consumer Services
Employees18,000
Revenue 11.6B USD (2024)
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 7 of 8
Sector: Retail M&A 2 of 2
Type: Add-on Acquisition M&A Deals 7 of 8
Country: Italy M&A 1 of 1
Year: 2015 M&A 1 of 1
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-16 Payless Car Rental System

St. Petersburg, Florida, United States

Payless Car Rental System, Inc. provides car rental services.

Buy $50M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-14 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).

Buy -