Saudi and Bahrain investors acquired Byrne for $160 million
Venture Capital Bank Bahrain and Saudi leasing company Hanco has acquired Byrne, a leasing, car rental, and fleet management company for around $160 million.
Established 20 years ago, Byrne is the largest general rental company in the Middle East with 450 employees and 13 offices and rental depots all over the GCC. The sellers in the deal are Havenvest Private Equity Middle East and HSBC Bank Middle East. The transaction was partly financed by UAE's First Gulf Bank.
Venture Capital Bank Bahrain is listed in the Middle East Investors Directory with the code BFD126
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