White & Case advises consortium of investors on strategic equity investment in Hertz-backed Oro Mobility

Global law firm White & Case LLP has advised a consortium of investors, including Cohen Private Ventures and certain funds or accounts affiliated with each of Certares Opportunities LLC and Knighthead Capital Management, LLC, on a US$80.89 million strategic equity investment in Oro Mobility, a fleet platform connecting vehicles, technology providers and demand platforms at scale. Oro partners with leading mobility companies to deliver integrated solutions safely, reliably and at scale, operating approximately 45,000 vehicles across every major US mobility market.

The new capital will support the expansion of Oro's fleet, operational infrastructure, technology capabilities, talent and strategic partnerships across rideshare rentals, driver-led fleet management and autonomous vehicle fleet management. Hertz will retain majority economic ownership of Oro and support the business as its fleet and corporate services partner.

The White & Case team was led by M&A partners Adam Cieply, Oliver Brahmst (both in New York) and Morgan Hollins (Houston). The team also included M&A associates Joseph Bricker, Zain Haque (both in Houston) and Alistair Leung (New York); Technology Transactions partner Erin Hanson and associate Nicolas Charest (both in New York); Employment, Compensation & Benefits partner Tal Marnin and counsel Kenneth Barr and Heidi Schmid (all in New York); Tax partner Steven Gee (New York); Real Estate partner Jason McCoy (Houston); Data, Privacy & Cybersecurity partner Paul Pittman and associate Abdul Hafiz (both in Washington, DC); Debt Finance partner Judah Frogel and counsel Shana Vantusko (both in New York); Financial Restructuring and Insolvency partner Bojan Guzina (Chicago); and Litigation partner Samuel Hershey (New York).