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New Deal


Announced

Affinity Equity to acquire SK Rent-a-Car from SK Networks for $610m.

Financials

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Transaction Value£489m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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car rental

Friendly

Majority

Pending

South Korea

Cross Border

Acquisition

Rental Services: Consumer

Private

Private Equity

Single Bidder

Synopsis

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Affinity Equity, a private equity firm, agreed to acquire SK Rent-a-Car, a car rental company, from SK Networks, a corporation with a wide span of businesses including mobility, home appliances, blockchain, for $610m. SK Networks will likely spend the raised funds on the AI business as the company has selected this as its major business focus.

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