Europcar Mulls Sale, Drawing Private Equity Interest

(Bloomberg) — Europcar Mobility Group, one of the continent’s largest car rental agencies, is drawing interest from suitors including Apollo Global Management Inc. as it explores a potential sale of the company, people familiar with the matter said.The company has reached out to private equity firms including Cerberus Capital Management as it starts gauging interest from potential buyers, the people said, asking not to be identified as the matter is private. Europcar, which has a market value of 666 million euros ($734 million), is working with financial advisers as it considers selling part or all of the business, according to …read more

Source:: Yahoo Finance

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