LeasePlan USA and Wheels Donlen create a unified fleet management business

LeasePlan USA and Wheels Donlen have announced the completion of their previously announced combination to create a unified fleet management business. Athene Holding Ltd. served as the lead investor in the transaction and is the majority shareholder of the newly combined company.

LeasePlan USA and Wheels Donlen create a unified fleet management business

Dec 02, 2022

LeasePlan USA and Wheels Donlen have announced the completion of their previously announced combination to create a unified fleet management business. Athene Holding Ltd. served as the lead investor in the transaction and is the majority shareholder of the newly combined company.

Arval announces completion of acquisition of Terberg Business Lease Group

Arval, part of BNP Paribas Group, has announced the completion of the acquisition of Terberg Business Lease Group B.V. (TBLG) in the Netherlands and Belgium by its Dutch subsidiary Arval B.V. (Arval), which was announced earlier this year. Arval acquires 100% of the shares from its shareholders Royal Terberg Group and AutoBinck Group.

Arval announces completion of acquisition of Terberg Business Lease Group

Dec 01, 2022

Arval, part of BNP Paribas Group, has announced the completion of the acquisition of Terberg Business Lease Group B.V. (TBLG) in the Netherlands and Belgium by its Dutch subsidiary Arval B.V. (Arval), which was announced earlier this year. Arval acquires 100% of the shares from its shareholders Royal Terberg Group and AutoBinck Group.

Advisory fuel rates from 1 December

Following on from the news that the advisory electric rate (AER) of reimbursement will be raised from 5 pence per mile to 8ppm, HM Revenue & Customs have now published the company car advisory fuel rates (AFR) from 1 December 2022.

Advisory fuel rates from 1 December

Dec 01, 2022

Following on from the news that the advisory electric rate (AER) of reimbursement will be raised from 5 pence per mile to 8ppm, HM Revenue & Customs have now published the company car advisory fuel rates (AFR) from 1 December 2022.

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Europe

ALD launches a €1.2 billion capital increase

Nov 30, 2022

A few days after the European Commission approved ALD’s acquisition of LeasePlan, ALD have announced the launch of a share capital increase with shareholders’ preferential subscription rights for an amount (including issue premium) of approximately €1.2 billion (the ‘Rights Issue’).

Americas

PACCAR Financial Services reports record revenues

Feb 06, 2020

Assets at PACCAR Financial Services reached a record $16.07 billion last year as its portfolio grew to 208,000 trucks and trailers. The results include PacLease, a major full-service truck leasing company in North America and Europe, which has a fleet of more than 40,000 vehicles. PFS revenues were a record $1.48 billion in 2019 compared to $1.36 billion in 2018. Last year’s pre-tax profits were $298.9 million.

Asia Pacific

SG Fleet widens service offering in Australia through strategic investment in car subscription provider Collaborate

Dec 16, 2019

Vehicle leasing company SG Fleet has bought a stake in Australian mobility specialist Collaborate Corporation for $2.2 million to widen its service offering. Collaborate’s core businesses are its car subscription service ‘Carly’ and a range of peer-to-peer vehicle rental offerings. With Carly, users pay a monthly subscription fee to access any vehicle from the entire fleet available.