22 May 2023
We are pleased to announce that on 22 May 2023 the consortium of investors, including TDR funds, controlling LeasePlan group sold 100% of the share capital of LeasePlan to ALD Automotive, a leading European fleet management company listed on Euronext Paris and majority-owned by Société Générale. LeasePlan shareholders now own c.31% of the shares in ALD.
Since acquiring LeasePlan in 2016, the business has undergone a significant operational transformation and has been repositioned from a traditional car leasing company to a leading subscription-based mobility solutions provider with a comprehensive range of integrated services.
The combination has created one of the largest global fleet managers with a c.3.3 million car fleet and is expected to be highly synergistic with the combined group benefitting from increased scale and significant further growth opportunities driven by enhanced combined capabilities.
Learn more about our investment in LeasePlan.