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New Deal


Announced

Completed

Santander and Hyundai Capital completed the acquisition of a 41.9% stake in Sixt Leasing for €389m.

Financials

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Transaction Value£325m
Consideration TypeCash
Capital Owned-
Capital Bid For42%
EV/Sales1.1x
EV/EBITDA3.95x
Share Price Premium-
One Off Charge-

Tags

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vehicle leasing

Leasing

Single Bidder

Acquisition

Friendly

Germany

Public

Minority

Cross Border

Completed

Private Equity

Synopsis

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Santander and Hyundai Capital, a South Korean provider of consumer financial services, completed the acquisition of a 41.9% stake in Sixt Leasing, a Germany-based vehicle leasing and management company, for €389m. "We are delighted about this opportunity, which will allow the Hyundai Capital Bank Europe to further strengthen its position in the automotive finance sector by complementing our product portfolio with innovative mobility services and fleet business at the point of sale and online," Jochen Klöpper, HC Chairman of the Supervisory Board.

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