Autonom buys BT Operational Leasing from Banca Transilvania

The Banca Transilvania Financial Group and Autonom have closed a deal for the sale of 100 percent of shares in BT Operational Leasing. Through this deal, BT exits a field that was a secondary niche for its business, and Autonom gets to 500 employees, around 5,000 corporate clients and a 8,000-vehicle auto park, says Business-Review.eu.

On the other hand, Banca Transilvania and Autonom will set up a partnership through which BT clients will have access to an extended mobility service package, which includes operational leasing, fleet management, road assistance, auto rentals and rental of cars with drivers.

Omer Tetik, CEO of Banca Transilvania, said: “We are glad to have grown the business in a difficult niche of operational leasing. BT Operational Leasing has become one of the main players on the local operational leasing and auto fleet management market. We trust that the business will be developed even better thanks to the skills at Autonom.”

The transaction’s completion is estimated for this year, after it will get approval from the Competition Council, and it was intermediated by BT Capital Partners, the investment banking division of the Banca Transilvania Financial group, and by RTPR Allen & Overy on Autonom’s side.

“This transaction shows that it is possible to build sustainable local businesses. We are honoured to have this partnership with the most important Romanian financial group, the Banca Transilvania Group. We will work passionately to offer innovative and trustworthy services to our local and international clients,” said Dan Stefan, Managing Partner at Autonom.

 

Read more HERE

 

Photo: Jurnal Virtual

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