TDR-Led Consortium Sells Equity Interest in Ayvens

Paul, Weiss advised a consortium led by TDR Capital on the €335 million sale of 38.5 million shares in Ayvens SA due to further demand following its previous sell-down in May—a transaction on which Paul, Weiss also advised. The consortium acquired its stake in Ayvens, a global fleet leasing company, as a result of the sale of LeasePlan to Ayvens in 2023. The transaction was executed by way of a block trade agreement involving a syndicate of banks comprised of Bank of America, Citigroup, Deutsche Bank AG and Société Générale. 

The Paul, Weiss team was led by, among others, corporate partner Dan Schuster-Woldan, and included corporate partners Prem Mohan, Matthew Merkle and Uma Sud.