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Arval $2.8 billion acquisition of GE Capital's European fleet business

4/11/2015
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$ 2.8 billion

Completed

4/11/2015

Overview:

  • Arval, a subsidiary of BNP Paribas, has acquired GE Capital's European fleet services business, for $2.8 billion.
  • The deal includes more than 160,000 vehicles across 12 countries. The assets are valued at €2.4 billion.
  • The deal is part of a global transaction in which Element Financial, Arval’s strategic partner in North America, which acquired GE Capital Fleet Services’ businesses in the United States, Mexico, Australia and New Zealand.

Sam Duke - Editor

Jurisdictions:

United States
Belgium
France
Germany
Italy
Spain
Sweden
Switzerland
United Kingdom

Deal type:

Private acquisition

Practice area:

M&A

Industry sectors:

Financial services
Automotive

Firms:
Bonelli Erede Lombardi Pappalardo

Party: GE Capital (Seller)

Lawyers: Giuseppe Sacchi Lodispoto, Umberto Nicodano

Walder Wyss

Party: Arval (Acquirer)

Lawyer: Markus Pfenninger

Weil Gotshal & Manges

Party: GE Capital (Seller)

Lawyer: Yannick Piette

White & Case

Party: Arval (Acquirer)

Lawyers: Ferigo Foscari, Franck De Vita, Hugues Mathez, Iacopo Canino

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