Canada's Element cuts a U-turn at $860m auction for FleetPartners
Element Fleet Management, the sole bidder yet to lodge a revised offer, has quit the race to buy Australian car-leasing firm FleetPartners.
Company
Canadian fleet management company
Every investor coverage indicates participated in a round Element Fleet raised.
Companies Element Fleet acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Stories naming Element Fleet. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Element Fleet Management, the sole bidder yet to lodge a revised offer, has quit the race to buy Australian car-leasing firm FleetPartners.
FleetPartners has received a A$3.85-per-share buyout proposal from a Sumitomo-led consortium, topping ORIX and Element Fleet's bids but trailing SG Fleet's, as a four-way contest for the Australian vehicle lessor continues.