Avis Budget Group, Inc. Mergers and Acquisitions


Avis Budget Group, Inc.

6 Sylvan Way
Parsippany, NJ 07054
United States
Tel:1/973-496-3500
URL: http://www.avisbudgetgroup.com
Formerly known as:
Cendant Corporation
Primary Symbol & Exchange:
CAR - Common Stock - New York Stock Exchange
Industry:
Business Services
Avis Budget Group, Inc. Company Snapshot

Avis Budget Group, Inc. Deal Timeline


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Acquisitions > 100 M$ 10 to 100 M$ < 10M$ Stakes Divestitures

Avis Budget Group, Inc. M&A History


Chimera Investment Corp acquires PHH Mortgage-Residential Mtg from Avis Budget Group Inc Chimera Investment Corp acquires PHH Mortgage-Residential Mtg from Avis Budget Group IncJan 31, 2008

US - Chimera Investment Corp acquired the residential mortgage portfolio of PHH Mortgage, a provider of residential mortgage services, and a unit of Avis Budget Group Inc.

Avis Budget Group Inc acquires a minority stake in Carey International Inc (pending) Avis Budget Group Inc acquires a minority stake in Carey International Inc (pending)Oct 23, 2007

US - Avis Budget Group Inc (AB) was granted an option to raise its stake to ##% from ##%, by acquiring a ##% stake, in Carey International Inc (CI), a provider of chauffeured ground transportation services. Concurrently, AB acquired a ##

Avis Budget Group Inc acquires a minority stake in Carey International Inc Avis Budget Group Inc acquires a minority stake in Carey International IncOct 23, 2007

US - Avis Budget Group Inc (AB) acquired a ##% stake in Carey International Inc (CI), a provider of chauffeured ground transportation services, for an estimated $## mil in cash. Concurrently, AB was granted an option to raise its stake to

Coldwell Banker Residential acquires Seaman Real Estate Svcs Inc Coldwell Banker Residential acquires Seaman Real Estate Svcs IncJun 22, 2007

US - Coldwell Banker Residential Brokerage Co, a unit of Avis Budget Group Inc's NRT Inc subsidiary, acquired Seaman Real Estate Services, a provider of real estate brokerage services, doing business as One Source Realty GMAC.

Avis Autovermietung GmbH & Co acquires Otto Kazenmaier GmbH & Co. KG (pending) Avis Autovermietung GmbH & Co acquires Otto Kazenmaier GmbH & Co. KG (pending)Jun 08, 2007

GERMANY - Avis Autovermietung GmbH & Co KG planned to acquire Otto Kazenmaier GmbH & Co. KG Avis Autovermietung, a Karlsruhe-based provider car rental and leasing services. The transaction received regulatory approval.

BCC Private Equity SGR acquires a minority stake in Sigma SpA from Avis Budget Group Inc BCC Private Equity SGR acquires a minority stake in Sigma SpA from Avis Budget Group IncApr 23, 2007

ITALY - BCC Private Equity SGR, a unit of Iccrea Holding SpA, acquired a ##% stake in Sigma SpA, an Altidona-based manufacturer of self-service cash machines, for # mil euros ($#.### mil US).

RJ Young Co acquires DMC Inc from Avis Budget Group Inc RJ Young Co acquires DMC Inc from Avis Budget Group IncJan 19, 2007

US - RJ Young Co (RJ), a unit of Sothebys International Realty Ltd subsidiary of Avis Budget Group Inc's NRT Inc unit, acquired all the outstanding stock of DMC Inc (DI), a wholesaler of office of equipments. On completion, DI

Sudbury Business Holdings Ltd acquires a minority stake in Sothebys Intl Realty Ltd from Avis Budget Group Inc Sudbury Business Holdings Ltd acquires a minority stake in Sothebys Intl Realty Ltd from Avis Budget Group IncJan 01, 2007

UK - Sudbury Business Holdings Ltd acquired an undisclosed minority stake in Sothebys International Realty Ltd, a Sussex-based real estate development firm, and a unit of NRT Inc, from Sothebys Holdings Inc.

S8 Ltd acquires Travel 2/Travel 4 from Avis Budget Group Inc S8 Ltd acquires Travel 2/Travel 4 from Avis Budget Group IncDec 18, 2006

UK - S# Ltd, a unit of MSF Ltd, acquired Travel #/Travel #, a travel agency, from Avis Budget Group Inc.

Avis Budget Group Inc spins off Cendant Corp-Vehicle Rental Se Avis Budget Group Inc spins off Cendant Corp-Vehicle Rental SeAug 29, 2006

US - Cendant Corp completed the spin off its Vehicle Rental Services division to its shareholders. Cendant Corp also completed the spin off its Hospitality Services division and Travel Distribution Services division. Upon completion, Cendant was to retain its real estate

Blackstone Group LP acquires Travelport Inc from Avis Budget Group Inc through a leveraged buyout Blackstone Group LP acquires Travelport Inc from Avis Budget Group Inc through a leveraged buyoutAug 23, 2006

US - Blackstone Group LP acquired Travelport, a provider of travel distribution business, from Cendant Corp (CC), for $#.# bil in cash, in a leveraged buyout transaction. The transaction had been subject to regulatory approvals and customary closing conditions. Previously

Avis Budget Group Inc spins off Wyndham Worldwide Corp Avis Budget Group Inc spins off Wyndham Worldwide CorpAug 01, 2006

US - Cendant Corp (CC) spun off its Wyndham Worldwide Corp (WW) unit, an owner and operator of hotels, to its shareholders in a transaction valued at $#.### bil. CC shareholders were to receive #.# new WW share for

Avis Budget Group Inc spins off Realogy Corp Avis Budget Group Inc spins off Realogy CorpJul 31, 2006

US - Cendant Corp (CC) completed the spinoff of its Realogy Corp (RC) unit, a real estate agency, to its shareholders in a transaction valued at $#.### bil. CC shareholders received #.## new RC share for each CC share

Cendant Hotel Group acquires Baymont Inn & Suites from Blackstone Group LP Cendant Hotel Group acquires Baymont Inn & Suites from Blackstone Group LPApr 07, 2006

US - Cendant Hotel Group, a unit of Cendant Corp acquired Baymont Inn & Suites, an owner and operator of hotels, from Blackstone Group LP.

Coldwell Banker Commercial NRT acquires Jack Lupo Realty Co Inc from Avis Budget Group Inc Coldwell Banker Commercial NRT acquires Jack Lupo Realty Co Inc from Avis Budget Group IncMar 08, 2006

US - Coldwell Banker Commercial NRT (CB), a unit of Cendant Corp's NRT Inc subsidiary, acquired all the outstanding stock of Jack Lupo Realty Co Inc, a real estate agency. Terms were not disclosed. On completion, the merged entity retained

Cendant Corp acquires a minority stake in Webjet Ltd Cendant Corp acquires a minority stake in Webjet LtdFeb 20, 2006

AUSTRALIA - Cendant Corp, through its travel distribution services division, acquired a ##% stake, or ##.### mil new ordinary shares in Webjet Ltd, an online flight booking services provider, for ## mil Australian dollars ($#.### mil US), in a

Cendant Corp acquires needahotel.com (pending) Cendant Corp acquires needahotel.com (pending)Feb 01, 2006

IRELAND-REP - Cendant Corp of the US, planned to acquire needahotel.com, a Dublin-based provider of online hotel reservation services.

Cendant Settlement Svcs Grp acquires American Title Co of Houston Cendant Settlement Svcs Grp acquires American Title Co of HoustonJan 02, 2006

US - Cendant Settlement Services Group (CS), a unit of Cendant Corp, acquired all the outstanding stock of American Title Co of Houston (AT). The transaction was to include AT's subsidiaries, South-Land Title Co Inc and South-Land of

Cendant Settlement Svcs Grp acquires Texas American Title Co (pending) Cendant Settlement Svcs Grp acquires Texas American Title Co (pending)Nov 02, 2005

US - Cendant Settlement Services Group (CS), a unit of Cendant Corp, definitively agreed to acquire all the oustanding stock of Texas American Title Co(TA). The transaction was to include TA's subsidiary, Texas American Title Co of Austin. Terms

NRT Inc acquires Coldwell Banker Pacific Ppty NRT Inc acquires Coldwell Banker Pacific PptyNov 01, 2005

US - NRT Inc (NI) acquired Coldwell Banker Pacific Properties Ltd, a real estate agency. Concurrently, NI acquired Coldwell Banker Commercial Pacific Properties Ltd.

Avis Budget Group, Inc. M&A Summary


Avis Budget Group, Inc. has made 145 acquisitions while taking stakes in 7 companies. Avis Budget Group, Inc. has 63 divestitures during this period.
YearAcquisitionsStakesDivestitures
2009000
2008001
2007213
2006316
20051002
20041313
20031203
20022022
20011212
20001107
19992011
19981405
19971214
19961105
19951001
1994203
1993101
1992400
1991100
1990101
1989101
1988000
1987100
1986102
1985100
Total145763

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