In December 2005, a CD&R-led investor group completed the acquisition of The Hertz Corporation in a transaction valued at $15 billion. Hertz, formerly a subsidiary of Ford Motor Company (NYSE: F), is the
world's largest vehicle rental organization and through its Hertz Equipment Rental Corporation (HERC)
is one of the leading equipment rental companies in North America. Having pursued the transaction for three years, CD&R understands the company and the growth opportunities for its businesses and was able to differentiate themselves from other potential investors, further demonstrating the Firm's ability to help large multi-national corporations restructure their operations.