Articles tagged “knighthead”

Ground Transport

Hertz Puts Bankruptcy Behind It With Transformational Plans

Hertz's new ownership has grand plans to remake the car rental firm. Over the next few years, you'll find out if that really happened depending on your experience at an airport car rental counter near you.

Dennis Schaal, Skift | 3 years ago

Hertz Puts Bankruptcy Behind It With Transformational Plans

Ground Transport

Hertz Bidding War Winner Is Certares and Knighthead in an Auction

Now that the investor winners and losers are clear, Hertz is tasked with the even harder job of retooling the business to adapt to a diminished business travel environement — at least in the short term.

Dennis Schaal, Skift | 3 years ago

Hertz Bidding War Winner Is Certares and Knighthead in an Auction

Ground Transport

Hertz Bidding War Escalates With Revised Bid From Certares

After two bids, and now a revised bid, the bidding war to lead Hertz out of bankruptcy is heating up. The proverbial ball is in Hertz's court at the moment.

Shreyasee Raj and Ankit Ajmera, Reuters | 3 years ago

Hertz Bidding War Escalates With Revised Bid From Certares

Ground Transport

Hertz Looks to Travel Investor Certares to Lead It Out of Bankruptcy in $4.2 Billion Reorganization

It will certainly be a challenge to transform Hertz's business. However, the car rental company is not only getting a financial lifeline, but also an assist from private equity firm Certares' wide-ranging travel rollup strategy. This will be a long-term play.

Dennis Schaal, Skift | 3 years ago

Hertz Looks to Travel Investor Certares to Lead It Out of Bankruptcy in $4.2 Billion Reorganization