Managing the Financial Side of Commercial Fleets

VW, German Bank May Sell LeasePlan to Investors

March 17, 2015

Photo via LeasePlan.
Photo via LeasePlan.

Volkswagen AG and a German bank are closing in on a potential deal to sell LeasePlan Corp. to a London-based private equity firm in an agreement that would mark the second sale of a leading fleet management company in less than a year.

TDR Capital LLP would acquire the parent of the fourth largest U.S. fleet lessor for about $3.16 billion (3 billion euros) from Volkswagen and Bankiers Friedrich von Metzler in a deal that could be announced next week, Bloomberg is reporting.

LeasePlan manages 1.42 million vehicles spread across 32 countries. The company says it's the world's largest fleet manager.

In June, PHH Corp. divested its PHH Arval fleet management unit to Element Financial Corp. for $1.4 billion. Element later rebranded itself as Element Fleet Management.

Twitter Facebook Google+


Please note that comments may be moderated. 
Leave this field empty:

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.


Fuel Management

Bernie Kanavagh from WEX will answer your questions and challenges

View All


Fleet Tracking And Telematics

Todd Ewing from Verizon Connect will answer your questions and challenges

View All


Fleet Management And Leasing

Jack Firriolo from Merchants will answer your questions and challenges

View All


Sponsored by

Harley Howell was one of the founders of Peterson, Howell & Heather.

Read more

Up Next

More From The World's Largest Fleet Publisher