Bolt-on for Montefiore-backed Auto Escape

The move was designed to increase Auto Escape's footprint in Continental Europe, by almost doubling the volume of its business.

Previous funding
Montefiore Investment purchased OFI Private Equity's and Vivéris Management's 46.66% stake in Auto Escape in 2009 as an all-equity deal. The share price offer of €2.80 valued the company at €14.6m. Montefiore and management now jointly own 81% of the business.

Company
Founded in 1999, Auto Escape specialises in leisure car hire for private customers. The Pertuis-based group posted a €29.9m turnover and €832,000 EBITDA last year. It has been listed on Alternext Paris since 2007.

Hamburg-headquartered Car Del Mar offers services similar to Auto Escape's. Founded in 2005, the company also has operations in Austria, Switzerland, France, Italy, Spain, Sweden, the US and the UK.

People
Daniel Elalouf led the deal for Montefiore Investment. Auto Escape CEO Bruno Couly will head the new group.

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