A private equity consortium has acquired 80 percent of Africa’s largest privately-owned parcel distribution company RTT.
Payment processor Comdata is seeking to raise $855 million in debt financing as part of a plan to retire some of its parent company's debt ahead of the Comdata initial public offering.
Hertz Corp. is spinning off its Hertz Equipment Rental Corp. (HERC) as a separately traded entity that will remain one of the largest global equipment rental companies.
PHH Arval could sell for as much as $650 million if the fleet management division were separated from PHH Corp.'s mortgage business, a Wall Street analyst told AutomotiveFleet.com.
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