CEO and chairman of the managing board of LeasePlan, Vahid Daemi, added;
“Established in 1963, we have grown to become the world’s leading global fleet management and driver mobility company. Today, our global franchise manages some 1.5 million multi-brand vehicles and provides global fleet management and driver mobility services in 32 countries.
“The change of ownership announced today marks a new era for our company and will enable LeasePlan to continue our successful journey and focus on executing our long-term strategy and growth ambitions. We remain fully committed to providing high quality and innovative fleet management and driver mobility services to our clients worldwide.”
Matt Dyer, LeasePlan UK managing director, said;
“I would like to repeat what is said in the press release in my own words: this is an exciting development for LeasePlan. One that allows us to continue our growth strategy with our customers at the heart of our business.
“This is a consortium of long-term orientated investors who recognise the strengths of LeasePlan as a business and our long term strategy. We look forward to this new era for LeasePlan.”
The closing of the deal is expected by the end of 2015, subject to approval by the competent regulatory and anti-trust authorities.
It is no surprise that Volkswagen wanted to divest itself of LeasePlan is its own bank is following an aggressive expansionist policy – see VWFS plans 150,000 fleet by 2018
LeasePlan Acquisition highlights
- The Consortium is composed of a group of long-term responsible investors and includes leading Dutch pension fund service provider PGGM, Denmark’s largest pension fund ATP, GIC, Luxinva S.A., a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA), the Merchant Banking Division of Goldman Sachs and investment funds managed by TDR Capital LLP;
- The Consortium supports LeasePlan’s existing long-term strategy and growth ambitions and recognizes the expertise of its workforce as a key asset for successfully executing this strategy;
- The Consortium brings financial services sector experience, additional strategic experience as well as a strong track record of successful long-term investing;
- LeasePlan will continue its drive for the delivery of high quality fleet management and driver mobility services for its clients.
