Lisbon – Corporate Finance International (‘CFI’) is pleased to announce that they acted as financial advisor to SADORENT on its sale to Leasys Rent.
SADORENT is a relevant player in the Portuguese rent-a-car market, with 25 years of activity and 18 stations in the country. Their dynamic and sizeable fleet exceeds a thousand vehicles and operates in several categories. They have grown steadily in recent years, driven by growth in tourism and by a portfolio of diversified customers, both national and international, from corporate to leisure/tourism, giving the company proven know-how in the rent-a-car business.
LEASYS RENT is a brand specialized in short- and medium-term rental plans, and provides a wide range of rental services with attractive solutions and competitive rates both for private individuals and companies of all sizes. With 20 years of experience, LEASYS RENT today operates in 11 countries, serving with more than 110,000 customers and manages, in long-term rental, more than 400,000 vehicles across Europe.
FCA BANK operates mainly in the motor financing sector and is a joint venture between FCA Italy, part of Stellantis, the global automotive group, and Crédit Agricole Consumer Finance, a major player in the consumer finance market. Financial and leasing programs are operated by FCA BANK and specifically designed for the dealer networks and private customers as well as for business fleets. FCA Bank is present in 17 European countries and in Morocco, either directly or through its subsidiaries.
“CFI was a key partner on this transaction and I’m deeply thankful to CFI Portugal team for the work done through the whole process.” – Nuno Cerqueira, Sadorent CEO
“CFI had a key role since the beginning in the process of acquisition of Sadorent. Without CFI the successful conclusion of the business wouldn’t be possible. We would like to express our special thank you to João Santos. For sure we will take CFI into account for the future business we may do together.” Leasys Rent
The process was on hold during the COVID lockdown in early 2020, and in May 2021 it was decided to relaunch it through an international process, led by the Portuguese Team, amongst international industrials and private equity firms. The process resulted in a successful transaction with LEASYS on December 21, 2021.
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