Linklaters advises on €3.7bn acquisition of LeasePlan

 

Deal is one of the largest sponsor-led financial services acquisitions so far this year

Linklaters has advised a consortium of long-term investors on the €3.7bn acquisition of LeasePlan, the Dutch vehicle management company, from a joint venture involving Volkswagen and the Dutch company Fleet Investments.  The deal, which is one of the world’s largest sponsor-led financial services acquisitions seen this year, is expected to close in late 2015, subject to regulatory and antitrust approvals.

The consortium of investors comprises Dutch pension fund service provider PGGM, Denmark’s largest pension fund ATP, GIC, Luxinva S.A., a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA), Goldman Sachs and TDR Capital LLP.

A multi-jurisdictional and cross-practice Linklaters team was led by corporate partner David Holdsworth and corporate managing associate Will Aitken-Davies, both based in London, alongside Pieter Riemer, corporate partner in Amsterdam.