Press Release (ePRNews.com) - New York, NY - May 22, 2017 - Global Private Group, a private equity and project finance firm focused on worldwide investments, has made a USD 56 million investment to take a majority stake in a Central American corporate and personal fleet management company.
The car rental sector in Central America grew by 19% in 2015 to USD3.1 billion, and has grown at a compound annual growth rate of 11% since 2003, according to the ABLA, the Brazilian Car Rental Association.
Partner of Global Private Group says: “As automobile penetration grows in Central America, we identified corporate fleet management as the more scalable business model within the car rental sector. The fleet management company, with its demonstrated record of growth and excellent customer service is the ideal company for our investment into this burgeoning sector. The company boasts a lean business model and is prudently leveraged, ensuring that our capital injection is used for growth instead of paying down debt.”
Founded in 2008, the fleet management company currently operates a fleet of around 3,400 vehicles and focuses on the high growth, high margin, corporate fleet management market. The company expects to increase EBITDA by 80% in 2017 in comparison to 2016.
Global Private Group’s investment supports the continued growth of the corporate fleet management company by reinforcing the management team and by funding the opening of new locations in the short term.
Global Private Group is one of the largest and most experienced project finance groups in the world compromising more than 300 dedicated specialists in our offices worldwide who are fully qualified to provide financial services and products.
Stable financing, efficient execution, expert solutions and customer service are how we help clients succeed.
Our broad range of lending products in the areas of corporate lending and investment banking, combined with access to strong capital base; allows us to execute financing that supports your business objectives. Our deal professionals’ industry expertise and attention to your goals during every step of the loan process allows us to offer solutions that help you achieve success.
GLOBAL PRIVATE GROUP Source : Global Private Group