LeasePlan corporation building

Acquisition of LeasePlan complete

LeasePlan Corporation N.V. ("LeasePlan"), the world’s leading fleet management and driver mobility company, today announces that a consortium of long-term investors has completed the acquisition of LeasePlan from Global Mobility Holding B.V. (a joint venture of Volkswagen Aktiengesellschaft and Fleet Investments B.V.).

LeasePlan’s new 100% shareholder is LP Group B.V., which represents a consortium composed of a group of long-term responsible investors and includes leading Dutch pension fund service provider PGGM, Denmark’s largest pension fund ATP, GIC, Luxinva S.A., a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) and investment funds managed by TDR Capital LLP.

Vahid Daemi, CEO and Chairman of the Managing Board of LeasePlan:

“Today marks the start of a new era for LeasePlan. Our new shareholders fully support our growth ambitions and our long-term strategy to provide high-quality and leading-edge driver mobility solutions to our clients worldwide. We have shown our strength as an organisation in seizing opportunities to grow in a changing industry, now managing a fleet of 1.55 million vehicles worldwide. We look forward to continuing to deliver added value to our clients under the new ownership.”

Manjit Dale, Founding Partner at TDR Capital LLP, on behalf of LP Group B.V.:

“We are excited to have completed the acquisition of the market leader in global fleet management and driver mobility. We strongly believe in the future of LeasePlan, a company with an unmatched portfolio of market-leading assets, loyal clients, a highly dedicated employee base and a sound strategy for the future, under highly experienced management. We all look forward to supporting the management team as they continue their focus on growing the business.”

The acquisition with a total value of EUR 3.7 billlion, has been financed with an equity investment of approximately half of the total purchase price, a mandatory convertible note of EUR 480 million and the on 16 March 2016 completed offer of senior secured notes comprising of euro-denominated senior secured notes due 2021 and U.S. dollar-denominated senior secured notes due 2021 in total amounting to approximately EUR 1.6 billion. None of the debt raised by the Investors has been borrowed by LeasePlan and the company will not be responsible for the repayment of such debt. LP Group B.V. will maintain LeasePlan’s diversified funding strategy going forward supported by its investment grade rating.

Supervisory Board

Effective today the Supervisory Board members associated with LeasePlan’s former (indirect) shareholders resigned, while Ada van der Veer and Herta von Stiegel continue to serve as independent members. Following new appointments the Supervisory Board now consists of seven members, five of which are independent: Jos Streppel (Chairman), Stefan Orlowski, Steven van Schilfgaarde, Herta von Stiegel and Ada van der Veer. Members associated with the Consortium are Manjit Dale and Eric-Jan Vink.


Further Information:

LeasePlan Contacts

Media:                         Eveline Rogier               T: +31 (0)36 529 3578 | M: +31 (0)6 125 84 309

Herbert van Zijl              T: +31 (0)36 529 3091 | M: +31 (0)6 1138 5613



Investors:                      Paul Benson                 T. +35 31 680 4005 | M: +353 868175152



LP Group Contact

Latika Shaw                   T : +44 (0)20 7353 4200



About LeasePlan

LeasePlan is a global fleet management and driver mobility company of Dutch origin. Our full service offering consists of financing and operational fleet management services to meet the needs of a diverse client base. Established in 1963, we have grown to become the world’s leading global fleet management and driver mobility company with more than 85% of our 7,200 strong workforce now operating outside the Netherlands. Our global franchise manages over 1.5 million multi-brand vehicles and provides global fleet management and driver mobility services in 32 countries. We have a proven track record in enhancing our presence in traditional mature fleet markets, as well as expanding into new markets and growing our business to market leading positions. We are able to capitalise on our global presence and international network by providing innovative products and high quality service to meet the needs of (multi)national clients. We aim to do this by using our expertise to make running a fleet easier for our clients. This is reflected in our universal promise to all our clients: “It’s easier to leaseplan”


Financial and other information in this document may contain certain forward-looking statements (all statements other than those made solely with respect to historical facts) based upon beliefs and data currently available to management. These statements are based on a variety of assumptions that may not be realised and are subject to significant business, economic, legal and competitive risks and uncertainties. Our actual operations, financial conditions, cash flows and operating results may differ materially from those expressed or implied by any such forward-looking statements and we undertake no obligation to update or revise them.





Matt Dyer

Matt Dyer

Matt Dyer is former MD of LeasePlan UK and the new CEO of LeasePlan US. Matt has been with LeasePlan for over 20 years including roles with LeasePlan Corporation and LeasePlan International. As Chairman of the British Vehicle Rental & Leasing Association (BVRLA) Matt played an active role in representing the key initiatives for the industry.

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