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Catalyst Capital Group

Advantage Rent A Car to Purchase E-Z Rent-A-Car

Advantage Rent A Car announced today that it has entered into a definitive agreement to purchase E-Z Rent-A-Car Group Holding LLC. The parties expect to complete the transaction in the second quarter of 2015.

Avis, Hertz to Take Advantage Locations

Catalyst Capital Group has confirmed that it will assume 41 U.S. airport concession agreements used in the Advantage Rent A Car business from Simply Wheelz and Franchise Services of North America Inc. In addition, Avis Budget and The Hertz Corp. have been selected as bidders for 22 U.S. Advantage airport locations.

FTC Approves Advantage Sale to Catalyst Group

The Federal Trade Commission (FTC) has approved an application by Franchise Services of North America Inc. (FSNA) to sell its Advantage Rent A Car business to The Catalyst Capital Group Inc.

Thirty Advantage Locations to Close, Reports FSNA

Effective today, Franchise Services of North America Inc. has announced that its wholly-owned subsidiary Simply Wheelz LLC — which does business as Advantage Rent A Car — has determined to cease operations at 30 Advantage locations.

Court Approves Advantage Sale to Catalyst Group

The United States Bankruptcy Court for the Southern District of Mississippi has declared that Catalyst Group Inc. is the prevailing purchaser in the auction of Franchise Services of North America’s wholly-owned subsidiary, Simply Wheelz LLC (which does business as Advantage Rent A Car).

Catalyst Wins Bid for Advantage

Catalyst Capital Group Inc.’s bid for bankrupt Advantage Rent A Car was approved at auction yesterday over the only other bid, from Sixt.