Lawyer Monthly Magazine - January 2019 Edition

DEC 2018 119 Transactions www. lawyer-monthly .com This announcement appears as a matter of record only Avis Budget Group Acquires Turiscar Group Legal advisers to Avis Budget Group: Due diligence adviser to Avis Budget Group: Environmental due diligence adviser to Avis Budget Group: Avis Budget Group Acquires Turiscar Group Avis Budget Group, Inc. (NASDAQ: CAR), a leading mobility solutions provider, announced it has acquired Turiscar Group a well established, family-owned, car rental company in Portugal. The acquisition will see Avis Budget Group bring on board this leading organisation in Portugal with two distinct brands: Turiscar, a well-respected rental provider primarily in the corporate market, including light commercial vehicles; and a sister brand, Turisprime, focused on leisure and tourism business. The acquisition adds approximately 3,000 vehicles to Avis Budget Group’s network in Portugal and is a key step in strengthening its commitment to the local market. Mark Servodidio, President, International, Avis Budget Group commented: “We are delighted to announce our acquisition of Turiscar in Portugal and welcome its employees to the Group. The offerings of both brands not only extend our Portuguese network, but also increase our ability to address the needs of a wide range of customers.” The acquisition closed 3rd October 2018. Turiscar Group employees will now work under the leadership of Gianluca Testa, Managing Director of the Southern Region, Avis Budget Group. Terms of the transaction were not disclosed. This announcement appears as a matter of record only Ardian Acquires Inula From Vendis Capital Legal adviser to Vendis Capital: Strategic due diligence to Vendis Capital: Legal adviser to Ardian: M&A adviser to Ardian: M&A adviser to Vendis Capital: Ardian Acquires Inula from Vendis Capital Ardian, a world-leading private investment house, announced that it has signed an agreement to acquire a majority stake in Inula Group from Vendis Capital, Dominique Baudoux (Founder & Chairman) and Sergio Calandri (CEO). Inula Group was created following the merger of Pranarôm and HerbalGem, two pioneering laboratories specialized in natural therapies, founded in 1985 and 1986 respectively. Inula is a key player in the herbal remedies market, specializing in fast growing sub-sectors suchas aromatherapy, gemmotherapy and Bach flowers, through three brands: Pranarôm, HerbalGem and Biofloral. Thanks to its strong scientific approach and the quality of its products, the Group has experienced significant growth over the past years and is now present in more than 25 countries, with leading positions in France, Belgium, Spain, Italy and the USA. As part of this transaction, Sergio Calandri, CEO of Inula, will reinvest alongside Ardian. Vendis Capital and Pranarôm’s Founder, Dominique Baudoux, should also continue to support the Group. Bruno Ladrière, Managing Director, Ardian Buyout, and Daniel Setton, Director, said: “We are pleased to be partnering with Inula’s team and we thank them for the confidence they expressed during this operation. We look forward to supporting them in the next phase of the company’s development, helping them reinforce Pranarôm, HerbalGem and Biofloral in their segments in Europe and globally. This transaction is a good example of Ardian’s expertise in supporting SMEs in their ambitious growth strategy.”