Sell-side advisory

Advisor to Banco Sabadell on the divestment of Bansabadell Renting

AZ Capital has advised Banco Sabadell to sell Bansabadell Renting, the renting branch of Banco Sabadell in Spain totaling c. 20,000 vehicles, to ALD. The acquisition also includes the entry into a white label distribution agreement whereby Banco Sabadell will make available to its SME and Private Lease customers in Spain a full service leasing solution managed by ALD.

This transaction forms part of ALD’s development strategy and is an example of ALD’s focus on value accretive bolt-on acquisitions.

Sector: Financial Institutions and Services