Subject category:
Finance, Accounting and Control
Published by:
International Institute for Management Development (IMD)
Version: 04.03.2008
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https://casecent.re/p/80372
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Abstract
Eurazeo's Investment Director Philippe Renauld sprung into action when he heard the rumour that Volkswagen AG planned to dispose of its Paris-based car rental business, Europcar. By the time the rumour was confirmed, seven contenders were preparing to bid for Europcar. Philippe's team started working around the clock to prepare their investment proposal for the largest leverage buyout transaction they had ever executed. The deal was important to Eurazeo because of its size and complexity and the high visibility of the acquisition target. Meanwhile VW concurrently pursued two distinct options to dispose of its stake in Europcar - an initial public offering (IPO) or a negotiated sale in M&A (merger and acquisition) process.
Location:
Industry:
Size:
Eurazeo market capital of EUR4.2 billion
Other setting(s):
2005
About
Abstract
Eurazeo's Investment Director Philippe Renauld sprung into action when he heard the rumour that Volkswagen AG planned to dispose of its Paris-based car rental business, Europcar. By the time the rumour was confirmed, seven contenders were preparing to bid for Europcar. Philippe's team started working around the clock to prepare their investment proposal for the largest leverage buyout transaction they had ever executed. The deal was important to Eurazeo because of its size and complexity and the high visibility of the acquisition target. Meanwhile VW concurrently pursued two distinct options to dispose of its stake in Europcar - an initial public offering (IPO) or a negotiated sale in M&A (merger and acquisition) process.
Settings
Location:
Industry:
Size:
Eurazeo market capital of EUR4.2 billion
Other setting(s):
2005