CMS has advised the Greek Sfakianakis Group on its acquisition of Ajar Car Rental from the Saudi Arabian Al Jomaih Group. PHH reportedly advised the seller.
Founded in 1958, the Sfakianakis Group focuses on the automotive, industrial, and consumer retail sectors.
Ajar Car Rental is the master franchisee of Enterprise, National, and Alamo in Austria, serving rent-a-car customers across the country.
The CMS team included Partners Alexander Rakosi, Mariella Kapoun, Hans Lederer, Kai Ruckelshausen, Marlene Wimmer-Nistelberger, Jens Winter, and Dieter Zandler, Attorney at Law Andreas Lichtenberger, Associates Christoph Birner, Thomas Liegl, Rebecca Herlitz, Caroline Pavitsits, Sheldon Sookdeo, and Maximilian Uidl, and Legal Trainees Roman Namestek, Ferdinand Sima, and Mattias Torggler.