Debevoise, Jones Day, and Cleary lead $1.2 bn car rental merger
Debevoise & Plimpton, Jones Day, and Cleary Gottlieb Steen & Hamilton.
Hertz is advised by a Debevoise team led by M&A partners John Allen Jr, and Jonathan Levitsky. The team also includes antitrust partner Daniel Abuhoff, finance partner William Beekman, and tax partner Gary Friedman.
Jones Day is providing anti-trust advice to Hertz with a team led by partners Joe Sims and Michael Knight. Antitrust issues may be a contentious issue here, as the number of major rental car companies in the US has dropped from nine to three over the past few years.
Dollar Thrifty is advised by Cleary Gottlieb, with a team led by M&A partners Paul Shim and Matthew Salerno. Antitrust partners David Gelfand and Jeremy Calsyn, corporate finance and securities partner Janet Fisher, structured finance partner Andrea Podolsky, tax partners Sheldon Alster and Jason Factor, and employment counsel Kathleen Emberger also advised Dollar Thrifty on the acquisition.
JPMorgan Chase and Goldman Sachs are financial advisers to Dollar Thrifty on the deal, and are represented by a team from Simpson Thacher & Bartlett, led by M&A partner John Finley.