Heuking Kühn Lüer Wojtek has advised CARO Autovermietung GmbH on the transaction
Enterprise Rent-A-Car Deutschland has acquired CARO Autovermietung . The acquisition of CARO by Enterprise establishes one of Germany’s largest car rental companies.
CARO was founded by Stefan Peters in 1998 and operates in the corporate and replacement sectors. The company has more than 800 employees at 46 locations throughout Germany.
Enterprise Holdings Inc., St. Louis, Missouri, USA, operates the Enterprise Rent-A-Car, National Car Rental and Alamo Rent A Car brands through an integrated global network of its own subsidiaries and independent franchise partners.
The agreement on the acquisition is subject to approval by the German Federal Cartel Office. The purchase price was not disclosed. Until the transaction is closed, the Enterprise and CARO brands will be operated independently. It is scheduled to integrate CARO later in the year. As a result of the acquisition of CARO, Enterprise will have more than 200 locations with over 2,300 employees in Germany and will be expanding its fleet to 17,000 vehicles.
Heuking Kühn Lüer Wojtek has advise CARO Autovermietung GmbH with a team including Katharina Prasuhn (Picture) (Lead, Corporate/M&A), Stefan Duhnkrack (Corporate/M&A), Tim Petermann (Corporate/M&A; Commercial), Kai Bandilla (Corporate/M&A), Falko Keller (Tax), Stefan Bretthauer (Antitrust), Frederik Wiemer (Data Protection), Søren Pietzcker LL.M. (IP), and Roland Czycholl, LL.B. (Employment).
Involved fees earner: Katharina Prasuhn – Heuking Kühn Lüer Wojtek; Stefan Duhnkrack – Heuking Kühn Lüer Wojtek; Tim Petermann – Heuking Kühn Lüer Wojtek; Kai Bandilla – Heuking Kühn Lüer Wojtek; Falko Keller – Heuking Kühn Lüer Wojtek; Stefan Bretthauer – Heuking Kühn Lüer Wojtek; Frederik Wiemer – Heuking Kühn Lüer Wojtek; Søren Pietzcker – Heuking Kühn Lüer Wojtek; Roland Czycholl – Heuking Kühn Lüer Wojtek;
Law Firms: Heuking Kühn Lüer Wojtek;
Clients: CARO Autovermietung GmbH;