Bringing it all together for:
Donald J. Gogel, President and Chief Executive Officer, Clayton, Dubilier & Rice, Inc. We needed a partner with integrity, who shared our vision of making Hertz a stronger business. We have a long-standing relationship with Merrill Lynch and know that their interests align with their clients. --Donald J. Gogel, President and Chief Executive Officer, Clayton, Dubilier & Rice, Inc.
  • Strong balance sheet
  • Growing private equity business
  • Comprehensive suite of investment banking services
  • Integrity

There is an old saying that a good name is a second inheritance, and when that good name is Hertz, Merrill Lynch couldn't agree more. Seeking a partner in acquiring the car-rental giant, Clayton, Dubilier & Rice (CD&R) called on Nate Thorne and Merrill Lynch Global Private Equity. Acting as a lead equity investor, advisor and underwriter, Merrill Lynch joined CD&R and The Carlyle Group in the $15.1 billion acquisition of The Hertz Corporation — the second largest leveraged buyout ever. Across the business and the industry, Merrill Lynch is helping clients build businesses and create lasting legacies.

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