AZ Capital has advised Banco Sabadell to sell Bansabadell Renting, the renting arm of Banco Sabadell in Spain totaling c. 20,000 vehicles, to ALD. The acquisition also includes the entry into a white label distribution agreement whereby Banco Sabadell will make available to its SME and Private Lease customers in Spain a full service leasing solution managed by ALD.
The completion of this transaction will be subject to the agreement of the Spanish Competition Authority. Banco Sabadell is one of the largest banking groups in Spain serving individuals and companies where it operates through an extensive network of 1,588 branches and provides a full array of financial and non-financial products and services.
This transaction forms part of ALD’s development strategy and is an example of ALD’s focus on value accretive bolt-on acquisitions.
AZ Capital
Advised in the sale of
Bansabadell Renting (part of Banco Sabadell)
to