Hertz Global Holdings, Inc.
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Hertz Global Holdings, Inc. - overview
Established
1918
Location
Estero, FL, US
Primary Industry
Transportation Services
About
Founded in 1918 and based in Florida, US, Hertz Global Holdings, Inc. provides car rental services through its subsidiary, The Hertz Corporation. Geoff Berlin is the founder of the company. In May 2021, Knighthead Capital Management, Apollo Global Management, and Certares bid to acquire Hertz Global Holdings, Inc.
out of bankruptcy for USD 5. 76 billion in restructuring transaction. Apollo Global Management would commit USD 1. 5 billion in preferred equity, buying outstanding shares at USD 2.
25 per share, and Knighthead Capital Management would provide USD 2. 2 billion in financing. The company's products and service initiatives such as Hertz Gold Plus Rewards®, NeverLost®, Carfirmations, Mobile Wi-Fi, and unique vehicles offered through Adrenaline, Dream, Green, and Prestige Collections. Additionally, The Hertz Corporation owns the vehicle leasing and fleet management leader Donlen Corporation, operates the Firefly vehicle rental brand and Hertz 24/7 car sharing business in international markets, and sells vehicles through Hertz Car Sales.
Current Investors
Apollo , Knighthead Capital Management, Certares Management
Primary Industry
Transportation Services
Sub Industries
Consumer Services, Automobile Dealerships, Car Hire Services, Trucking
Website
www.hertz.com/
Verticals
Mobile Apps
Company Stage
Mature
Total Amount Raised
Subscriber access only
Hertz Global Holdings, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| IPO | Completed | Hertz Global Holdings, Inc. | - | ||||||||
| Restructuring | Completed | Hertz Global Holdings, Inc. | - | ||||||||
| Add-on | Completed | Donlen Corporation | - | ||||||||
| Private Debt | Completed | Hertz Global Holdings, Inc. | - | ||||||||
| Private Placement/Follow on | Completed | Hertz Global Holdings, Inc. | - |
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