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New Deal


Announced

Completed

Athene Holding completed the acquisition of Donlen from Hertz Global Holdings for $891m.

Financials

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Transaction Value£655m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

fleet leasing

Single Bidder

Private

Third Party Logistics (3PL)

Acquisition

Domestic

Friendly

fleet management

Disposal

Majority

United States

Synopsis

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Athene Holding, a financial services company, completed the acquisition of Donlen, an American fleet leasing and management company, from Hertz Global Holdings, an American car rental company, for $891m. "We are confident that pairing Donlen's expertise in fleet management with Athene's strategic investment will result in a positive outcome for all parties involved. With our support, Donlen will be able to enhance their client experience and continue to grow their presence as a fleet management leader. This investment is squarely in line with our strategy of sourcing attractive, differentiated long-term investments that deliver strong and consistent returns for our growing portfolio," Jim Belardi, Athene Chairman and CEO.

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