Rentandes S.A.
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Rentandes S.A. - overview
Established
2000
Location
Bogota, -, Colombia
Primary Industry
Business Support Services
About
Rentandes S. A. is a Colombian company that specializes in operational leasing and renting solutions, enabling businesses to access productive assets without upfront investments. Founded in 2000 and headquartered in Bogota, Colombia, Rentandes S.
A. provides operational leasing solutions for various production assets. The company has undergone a strategic shift and was acquired by 23 & Park in June 2019 from Financiera Arrendadora Centroamericana and The Abraaj Group. The CEO of the company is Alvaro O.
Rentandes specializes in operational leasing and renting solutions, providing businesses with productive assets without requiring initial investments. Their core offerings include long-term renting of various production assets, such as modern trucks, agricultural machinery, and larger equipment like ships and aircraft. The company also provides a rentback service, allowing clients to liquidate existing assets while retaining usage through leasing agreements, primarily serving sectors such as agriculture, transportation, and manufacturing. In 2023, Rentandes reported a revenue of USD 19.
46 mn and an EBITDA of USD 11. 78 mn. The company generates revenue through its leasing and rentback services, facilitating cash flow for businesses while minimizing capital expenditure. Clients engage in leasing agreements, paying a monthly fee for asset usage, structured to be tax-deductible.
Rentandes aims to expand its product offerings and enter new markets. Specific details on upcoming products are currently not provided. The acquisition by 23 & Park is expected to support strategic initiatives for growth, with potential expansions targeted for implementation in the coming years.
Current Investors
23 & Park
Primary Industry
Business Support Services
Sub Industries
Equipment Rental & Leasing, Facilities & Maintenance Services, Car Hire Services, Insurance Intermediaries, Trucking
Website
www.rentandes.com
Company Stage
Mature
Total Amount Raised
Subscriber access only
Rentandes S.A. - financials
| Fiscal Year Ended | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 33,789,540,000 | 46,554,147,000 | 48,863,836,000 | 48,263,658,000 | 56,477,015,000 | 49,370,072,000 | 51,447,042,000 | - | - | - |
| % Revenue Growth (YoY) | - | 37.8% | 5.0% | (1.2%) | 17.0% | (12.6%) | 4.2% | - | - | - |
| EBITDA (USD) | 22,900,767,000 | 35,107,969,000 | 35,336,307,000 | 32,344,301,000 | 40,515,806,000 | 37,386,631,000 | 40,307,151,000 | - | - | - |
| Operating Income (USD) | 12,131,507,000 | 20,726,423,000 | 16,289,657,000 | 12,235,600,000 | 16,981,274,000 | 14,912,603,000 | 17,948,733,000 | - | - | - |
| Operating Margin | 35.9% | 44.5% | 33.3% | 25.4% | 30.1% | 30.2% | 34.9% | - | - | - |
| % EBITDA Margin | 67.8% | 75.4% | 72.3% | 67.0% | 71.7% | 75.7% | 78.3% | - | - | - |
| NET Income (USD) | 923,722,000 | 6,264,680,000 | 4,233,272,000 | 3,321,395,000 | 6,782,751,000 | 2,659,895,000 | 2,465,999,000 | - | - | - |
| % Net Margin | 2.7% | 13.5% | 8.7% | 6.9% | 12.0% | 5.4% | 4.8% | - | - | - |
Rentandes S.A. - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Secondary Buyout | Completed | Rentandes S.A. | - | ||||||||
| Buyout | Completed | Rentandes S.A. | - |
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