Bloomberg News

Eurazeo Said to Hire Rothschild to Explore Europcar IPO

February 19, 2014

Eurazeo SA (RF), a French investment firm, hired Rothschild to advise on a possible initial public offering of Europcar Groupe SA, one of Europe’s biggest car-hire companies, people with knowledge of the matter said.

Eurazeo is considering both an IPO in France for Europcar or selling it to another company, with U.S. car-rental firm Hertz Global Holdings Inc. (HTZ:US) among the potential buyers, said two people, who asked not to be identified because they weren’t authorized to speak publicly. A final decision hasn’t been made, the people said.

Eurazeo bought Europcar for 3.08 billion euros ($4.2 billion) in 2006, paying 16.5 times earnings before interest and tax. It invested an extra 110 million euros in the company in May 2012, according to Eurazeo’s website.

Spokesmen for Eurazeo, Hertz and Rothschild declined to comment. A spokeswoman for Europcar didn’t respond to e-mailed requests for comment.

To contact the reporters on this story: Kiel Porter in London at kporter17@bloomberg.net; Ruth David in London at rdavid9@bloomberg.net

To contact the editor responsible for this story: Edward Evans at eevans3@bloomberg.net


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    • $24.38 USD
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