For the first time, the Car Rental Show is pleased to announce Scott White, senior managing director and head of investment banking at C.L. King & Associates, as a speaker. White's seminar, "How to Explain Car Rental to Banks and Investors," will take place on Wednesday, March 9 at 2:45 pm.
White's seminar will reveal the arguments and explanations he's used successfully with global banks, private equity firms, institutional investors and Wall Street analysts in car rental's biggest mergers, acquisitions and financing deals.
White executed the IPO of Team Rental Group in 1994 and then oversaw the acquisitions of Budget Rent a Car, Ryder Truck Rental, Premier Car Rental and Cruise America while at Budget Group, the successor to Team Rental. In the early 2000s, he advised Avis on the acquisition of Budget and on the sale of PHH Europe. In the mid-2000s, he advised a consortium of large private equity firms in the Hertz auction and in the Europcar auction. White has also worked on many capital raising deals for major car rental companies.
"The challenge for car rental operators is to address common misunderstandings banks and investors may have about the industry," says White. "With the right information, they'd understand that car rental is great business."
"We always tackle the ever-important topics of funding and financing at the Car Rental Show, but Scott White presents a new and exciting perspective," said Chris Brown, editor of Auto Rental News. "While this is a high-level analysis of the issues, White will present invaluable information that car rental operators can bring to the table on a local level."
The Car Rental Show will take place March 8-9, 2011 at the Las Vegas Hilton.