City Car Club, the UK’s biggest independent car sharing company was sold to Enterprise Rent-A-Car, the world’s biggest car hire business in a deal covering all of City Car Club’s assets, including its 800+ vehicles, 45 employees and 30,000 members.
The Osborne Clarke team advising City Car Club was led by Corporate Partner Conrad Davies, who was assisted by Associate Director Sarah Knight and Associate Damocles Merry.
Osborne Clarke has acted for City Car Club since 2007, assisting with several rounds of equity and debt financing and a number of acquisitions prior to this exit.
Osborne Clarke has long supported the sharing economy community across Europe and the US. We work with a wide range of sharing businesses as they expand and grow in Europe, as well as traditional businesses seeking to capitalise on this booming market. In March this year, we helped Debbie Wosskow, founder and CEO of Love Home Swap, launch Sharing Economy UK (SEUK), a new trade association representing and championing the UK’s sharing economy businesses. Osborne Clarke’s Senior Partner Andrew Saul is Chairman of the trade association.
