Go to deals
Financial Services | Private Equity

Rentades SA has been acquired by 23 & Park

The Abraaj Group has sold Rentandes SA to 23 & Park.

Rentades is the leading leasing company in Colombia, offering vehicles and equipment. The company acquires assets (financed through unsecured loans in the Colombian banking system) and rents them for monthly payments over an agreed period. Upon final maturity of the leasing agreement, clients have the option to purchase the asset, replace it, return it to the company, assign the agreement to a third party or extend it. Rentades operates in three business lines: automobiles, cargo/transport vehicles and heavy equipment. Its offer applies to single assets as well as corporate fleets.

23 & Park is a private investment firm that seeks to acquire and operate middle-market companies in Colombia with superior business models. The firm is headquartered in Bogotá and specializes in the active management of solvent small to medium-sized businesses between US$4–35 million with strong potential to grow sustainably.

The Abraaj Group is a global institution investing in growth markets across Africa, Asia, Latin America, the Middle East and Turkey. Founded in 2002 by Chief Executive Arif Naqvi, the firm has pioneered the private equity industry in many of the markets where it operates with innovation and entrepreneurial drive.

Oaklins' team in Colombia acted as the exclusive advisor to the sellers in this transaction.

Service
M&A sell-side
Parties

Talk to the deal team

 José Guillermo  Acosta

José Guillermo Acosta

Partner

Bogotá, Colombia
Oaklins Axia
 Diego  Nuñez

Diego Nuñez

Associate Director

Bogotá, Colombia
Oaklins Axia

Related deals

Baltcap-backed Coffee Address has acquired Latvian vending machine operator Kafe Serviss
Private Equity | Business Support Services

Baltcap-backed Coffee Address has acquired Latvian vending machine operator Kafe Serviss

Coffee Address, the largest vending machine and coffee service company in the Baltics, currently owned by the private equity and venture capital firm Baltcap, has acquired a local Latvian coffee service company Kafe Serviss. The transaction will further strengthen the position of Coffee Address, improving both the product and service offering to its customers across the country.

Learn more
VIA equity has invested in eSmiley
Private Equity | TMT

VIA equity has invested in eSmiley

With eSmiley’s attractive market position and VIA equity’s track record of supporting niche technology companies, eSmiley is fueled to accelerate growth and increase its international footprint. Management shareholders are reinvesting into the new ownership structure. VIA equity’s investment in eSmiley is a strong fit with its investment focus, offering great potential to build an international niche market leader.

Learn more
Brecon Beacons Holiday Cottages has been acquired by The Travel Chapter
Private Equity | Consumer & Retail

Brecon Beacons Holiday Cottages has been acquired by The Travel Chapter

The shareholders of Brecon Beacons Holiday Cottages have sold the company to The Travel Chapter Ltd.

Learn more