Headquartered in France, Ayvens is one of the world’s leading vehicle leasing and mobility companies, with a fleet of over 3 million vehicles and operations in over 40 countries. The company provides full-service leasing, subscription and fleet management solutions. Formerly known as ALD | LeasePlan, Ayvens was formed through the combination of ALD Automotive, a Société Générale owned fleet management company, and LeasePlan, a leading mobility solutions provider, owned by a consortium of investors including funds managed by TDR Capital.
Initial investment
2016
Sector
Financial services
Initial transaction size
€3.7bn
As part of a thematic origination review, we spent time looking at the car leasing sector, a market niche benefiting from high-quality asset backing and recurring contractual revenue streams.
LeasePlan stood out, with a high level of diversification and a long track record of unbroken profitability across multiple cycles. It was a non-core asset within the Volkswagen Group and we saw scope for significant operational transformation in acquiring and operating the business as a standalone entity.
We identified opportunities to centralise operations, drive purchasing efficiencies and position the business for long-term growth by taking advantage of the shift away from car ownership towards car-as-a-service.
Under TDR’s ownership, a comprehensive transformation plan was implemented to reshape the company from operating as disparate local businesses into a fully integrated, centralised platform. New leadership was appointed to drive this change, with the creation of centres of excellence to improve operations.
We invested in digitalisation, enabling a fundamental reworking of business processes and the customer experience. Additionally, a new commercial and mobility strategy was launched to capture the structural shift from car ownership to car-as-a-service, positioning the business as a leader in the evolving mobility landscape.
LeasePlan also established itself as an industry leader in sustainability, committing to net-zero emissions, promoting electric vehicle adoption and issuing the sector’s first green bond.
In 2023, LeasePlan was sold to ALD Automotive to create Ayvens, a global leader in mobility solutions.