TDR-Led Consortium Sells Significant Equity Interest in Ayvens

Paul, Weiss advised a consortium led by TDR Capital on the €940 million sale of 87 million shares in Ayvens SA due to further demand following its previous sell-downs in May, June and September—transactions on which Paul, Weiss also advised. The consortium acquired its stake in Ayvens, a global fleet leasing company, as a result of Ayvens’ acquisition of LeasePlan in 2023, and will only retain a residual roughly 1% shareholding following the sale.

The transaction was executed by way of a block trade agreement involving a syndicate of banks including Bank of America, Barclays, Deutsche Bank AG and Société Générale.

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