A
Arval
Acquirer counsel
Clifford Chance
Dr. Thomas KrecekPartner
Tim HeerschopPartner
Mathieu RemyManaging Partner
10 lawyers involved
Rainmaker
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Clifford Chance advises Arval on $1.1 billion acquisition from Mercedes-Benz Group
Deal Overview
- Value
- $1.1bn
- Deal type
- M&A
- Structure
- Data in progress
- Status
- Data in progress
Advisors
ACQUIRER
Clifford Chance Overview
- Clifford Chance advised BNP Paribas on the exclusive negotiations between Arval and Mercedes-Benz Group for Arval’s proposed acquisition of 100% of Athlon.
- If completed, Arval + Athlon would create a combined fleet of ~2.3 million vehicles in full-service leasing (vs. ~2.6 million for the current market leader), strengthening Arval’s position in key markets and making it a European co-leader.
- The contemplated transaction remains subject to employee information/consultation processes and competent authority approvals, with completion expected in 2026.
M
Mercedes-Benz Group
Seller counsel
Linklaters
Marco CarbonarePartner, Mainstream Corporate, Frankfurt
Mariken Van EschMainstream Corporate Partner, Amsterdam
20 lawyers involved
Linklaters Overview
- Mercedes-Benz Group is selling Athlon, which is one of Europe's leading providers of vehicle leasing and fleet management services.
- The deal is a contemplated sale of Athlon by Mercedes-Benz Group to Arval, and the parties are in exclusive negotiations.
- Signing is not yet sufficient for closing: the transaction is subject to employee representative body consultation, with completion expected in 2026 after the required regulatory approvals.