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White & Case Advises Shareholders on Proposed Tender Offer for Europcar Mobility Group

Global law firm White & Case LLP has advised Europcar Mobility Group (Europcar) shareholders Centerbridge Partners, CarVal Investors, Marathon Asset Management and Diameter Capital Partners individually on the tender offer for Europcar by a consortium composed of Volkswagen Group, Attestor Capital and Pon Holdings.

The agreement entered into by Europcar on July 28, 2021 provides for the creation of a dedicated company (Green Mobility Holding) for the purpose of filing a cash tender offer at a price of €0.50 per share, increased by a potential price supplement of €0.01 per share if the 90 percent squeeze-out threshold is reached at the completion of the offer (dividend attached).

The transaction will be subject to clearance from the competent antitrust authorities.

The tender offer will be filed with the French Market Authority (Autorité des marchés financiers (AMF)) by the end of the third quarter 2021 and completed in the course of the fourth quarter 2021 or first quarter 2022.

The White & Case team in Paris which advised on the transaction was led by partners Saam Golshani, Franck De Vita and Diane Lamarche, with support from associate Anne-Liz Salapian.

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