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New Deal


Announced

Brookfield-backed Ouro Verde to acquire certain assets of Localiza Rent a Car for $730m.

Financials

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Transaction Value£596m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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car rental

Pending

Auto Services

Private

Single Bidder

Private Equity

Majority

Friendly

Brazil

Acquisition

Domestic

Rental Services: Consumer

Synopsis

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Brookfield-backed Ouro Verde, a provider of heavy equipment and light vehicle fleet management services, agreed to acquire certain assets of Localiza Rent a Car, a car rental company, for $730m. “As it is a competitive process, the companies are also negotiating with other interested parties. Up to this date, there is no binding document signed with any of the interested parties,” Localiza.

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