M&A Deal Summary

Europcar Mobility Group Acquires Fox Rent-A-Car

On August 6, 2019, Europcar Mobility Group acquired business services company Fox Rent-A-Car from NewSpring Capital

Acquisition Highlights
  • This is Europcar Mobility Group’s 1st transaction in the Business Services sector.
  • This is Europcar Mobility Group’s 1st transaction in the United States.
  • This is Europcar Mobility Group’s 1st transaction in California.

M&A Deal Summary

Date 2019-08-06
Target Fox Rent-A-Car
Sector Business Services
Buyer(s) Europcar Mobility Group
Sellers(s) NewSpring Capital
Deal Type Add-on Acquisition

Target

Fox Rent-A-Car

Los Angeles, California, United States
Fox Rent-A-Car is a value-based car rental brand catering to airport travelers. Fox Rent A Car offers consumers great value, convenience and superior service at 19 major corporate owned airport locations across the US plus 110+ affiliate locations. Fox Rent-A-Car was founded in 1989 and is based in Los Angeles, California.

Search 201,429 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Europcar Mobility Group

Paris, France

Category Company
Founded 1949
Sector Business Services
Employees8,482
Revenue 1.8B EUR (2020)
DESCRIPTION

Europcar Mobility Group is a provider of alternative attractive solutions to vehicle ownership, with a wide range of mobility-related services: vehicle-rental, chauffeur services, car-sharing, scooter-sharing, and peer-to-peer car rental. Europcar Mobility Group was founded in 1949 and is based in Paris, France.


DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1

Seller(S) 1

SELLER

NewSpring Capital

Radnor, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 3.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

NewSpring Capital is a private investment firm focused on growth companies in the Mid-Atlantic US. The Firm can provide both growth equity and junior capital to prospective companies. NewSpring's target investment size for both mezzanine and equity financing is $2 to $5 million, although for new ventures, the Firm can commit up to $10 million. Sectors of interest include specialty manufacturing, technology, business services, information technology, life science, healthcare services, and medical devices. NewSpring Capital was formed in 1999 and is based in Radnor, Pennsylvania with an additional office in Short Hills, New Jersey.


DEAL STATS #
Overall 60 of 86
Sector (Business Services) 6 of 9
Type (Add-on Acquisition) 37 of 48
State (California) 3 of 5
Country (United States) 59 of 85
Year (2019) 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-02 Mobiquity

Wellesley, Massachusetts, United States

Mobiquity, Inc. is a mobile engagement provider creating innovative solutions that drive business value. Because mobile is in our DNA, clients benefit from how we expertly and effectively blend the three key disciplines that unleash the power and innovation of mobile computing: strategy, user-centered design and core technology.

Sell $182M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-10 aPriori

Concord, Massachusetts, United States

aPriori is a provider of digital manufacturing simulation software that brings product design and sourcing teams closer to production. By leveraging the digital twin within digital factories, they automatically generate design for manufacturability (DFM) and design for cost (DTC) insights, helping manufacturers collaborate across the product development process to make better design, sourcing and manufacturing decisions that yield higher value products in less time. aPriori was founded in 2003 and is based in Concord, Massachusetts.

Buy -