Jones Day has advised Portobello Capital, a Spanish private equity firm, in its acquisition of a majority stake in Centauro Rent a Car, S.L. Unipersonal, a leading car rental company in the airports of the Mediterranean and Portuguese coasts.
Benidorm-headquartered Centauro has fifteen branches located in tourist hotspots such as Alicante, Mallorca, Ibiza, Barcelona, Murcia, Málaga, Seville, Madrid, Lisbon, Porto and Faro.
The business manages a fleet of more than 18,000 vehicles, and generated turnover of €66m in 2016 while predicting €81m for 2017.
Portobello intends to consolidate the fragmented car rental sector and strengthen Centauro’s presence in new locations, mainly in Europe.
Jones Day has advised Portobello Capital on the deal with a team led by M&A partner Federico Merino.
Involved fees earner: Federico Merino – Jones Day;
Law Firms: Jones Day;
Clients: Portobello Capital;