Avis Budget Group Acquires France Cars
Baker McKenzie's Paris office has advised Avis Europe Holding Limited, a subsidiary of Avis Budget Group, on the acquisition of France Cars. This transaction was approved by the French Competition Authority on Tuesday, December 6, 2016.
This acquisition will enable Avis Budget Group to place the second largest fleet of utility vehicles in France at the disposal of its clients.
Avis Budget Group is a world leader in car rental services, with more than 11,000 agencies in almost 180 countries throughout the world. The group also owns the world leader in car sharing, Zipcar, which has nearly one million members. Avis Budget Group has a headcount of around 30,000 in total.
France Cars is a passenger and utility car rental firm that caters essentially for businesses. The company runs close to 70 agencies in France and had a fleet of around 8,000 vehicles in 2015.
Avis Europe Holding Limited was advised on competition law aspects by a team from Baker McKenzie led by Léna Sersiron, Partner, and including Thomas Guérin and Mathilde Poisson, Associates.