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

VHZ Group has been acquired by Gilde Equity Management and VHZ Group’s management
Private Equity | Construction & Engineering Services

VHZ Group has been acquired by Gilde Equity Management and VHZ Group’s management

VHZ Group, the market leader in the Dutch B2B uPVC windows and doors market, has been acquired by Gilde Equity Management (GEM) together with the company’s management. With the acquisition, VHZ Group and GEM will be able to further expand on the company’s strategy and vision.

Learn more
esignatur has been acquired by Scrive
Private Equity | TMT

esignatur has been acquired by Scrive

esignatur has been acquired by Scrive, a portfolio company of Vitruvian Partners. esignatur and Scrive both specialize in digital signing solutions and complement each other with strong geographical and sector reach.

Learn more
Permali Gloucester has been acquired by Diamorph
Private Equity | Aerospace & Defense | Automotive | Industrial Machinery & Components

Permali Gloucester has been acquired by Diamorph

Private equity firm 3i Group and the private shareholders of Permali Gloucester Limited have sold their interest in the company to Diamorph.

Learn more