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Athene is lead investor in LeasePlan USA’s combination with Wheels Donlen

The combination builds on LeasePlan USA’s more than 50 years of fleet management expertise, providing the company with enhanced mobility solutions and significant financial support from Athene

LeasePlan Corporation and LeasePlan USA enter into international cooperation agreement, ensuring continuity and growth for global customers

AMSTERDAM, Netherlands and HAMILTON, Bermuda, June 13, 2022 (GLOBE NEWSWIRE) — LeasePlan Corporation, one of the world’s leading Car-as-a-Service companies, announced that the parent company of Wheels Donlen, in which Athene is the lead investor, signed a stock purchase agreement with LeasePlan Corporation to acquire LeasePlan USA and then combine the business with Wheels Donlen to create a unified fleet management business.

This combination creates a powerful competitor in the field of mobility, which will allow Wheels Donlen and LeasePlan USA to provide improved solutions for corporate fleets. Benefiting from additional scale, significantly increased investment capacity and differentiated capabilities, the combined company will be better positioned to serve customers and facilitate growing trends towards electric vehicles and digital technologies. With $246 billion in assets, Athene will be well positioned to provide the combined company with significant capital support for its future operations to offer its customers an enhanced suite of solutions for fleet, last mile delivery, trucking and equipment.

Wheels Donlen and LeasePlan USA have a long tradition of top-notch customer service, with exceptionally strong employees who contribute to customer success. As this investment aligns with Athene’s long-term investment approach and philosophy, there will be a measured approach to integrating the business over time, prioritizing a customer experience transparent and improved with the continuity of the systems on which customers depend. The management team and board of directors will include representatives from Wheels Donlen and LeasePlan USA. Matt Dyer, CEO of LeasePlan USA, will become a senior executive and member of the board of directors of the combined company.

Additionally, as part of this transaction, LeasePlan USA and LeasePlan Corporation will enter into a cooperation agreement to provide global fleet management services to the international customers of both companies after closing of the transaction, thereby ensuring full availability of fleet management solutions. global fleet available to our customers. come expect. Likewise, the existing global alliance between Wheels Donlen and ALD will continue.

The transaction is expected to close by the end of 2022, subject to customary closing conditions, including regulatory approvals.


Two Dynamic Companies Partner to Accelerate the Future of Fleet Mobility in North America

LeasePlan CEO Tex Gunning said:
“The subscription megatrend and the digital revolution mean that the US leasing market is about to enter a period of accelerated growth and transformation. By partnering with Wheels Donlen, LeasePlan USA will have the scale and investment power to serve its growing customer base and accelerate the future of mobility for American drivers. We are very proud of the business we have developed in the United States and are confident that our colleagues will achieve every success by fully focusing on the single United States market.

Wheels Donlen CEO Shlomo Crandus said:
“LeasePlan has built a tremendous business in the US that we are excited to integrate into the Wheels Donlen platform, adding complementary features that will provide customers with an even broader suite of mobility solutions. We look forward to working with Matt and welcoming the LeasePlan USA team to the Wheels Donlen family. Together, we will continue to improve our best-in-class platform and provide our customers with unparalleled fleet management results.

LeasePlan USA President and CEO Matt Dyer said:
“LeasePlan USA is a growing force in the US market and now, as part of Wheels Donlen, we have the opportunity to expand our mobility platform. We are very excited about the future with a strong and diverse business that is poised for continued growth in fleet management, corporate fleet leasing and financing, last mile delivery, trucks, as well as equipment and handling. Additionally, through our cooperative agreement with LeasePlan, customers with fleets outside the United States will continue to access the high-quality international fleet management services they have come to expect. I am proud of our employees who have worked so diligently to build the business we have today and who will help us reach our next stage of development in partnership with Wheels Donlen.


Long-term investment in the platform for Athene

Jim Belardi, CEO of Athene, said:
“For Athene, this transaction aligns with our long-standing strategy of investing in companies with strong fundamentals, underwriting and direct origination capabilities. We believe in the growth of the mobility market and the leadership role that the Wheels Donlen-LeasePlan USA partnership can play in meeting the rapidly changing needs of corporate fleets. We are confident that their strong business fundamentals and focus on sustainability and innovation will benefit their clients and Athene investors.

About Wheels Donlen

Since announcing their merger into Athene in 2021, Wheels Donlen has established itself as one of the most innovative companies in the fleet management industry. Blending two like-minded corporate cultures, each emphasizing customer-focused service, the new organization honors each entity’s heritage while combining their strengths to build a powerful mobility solutions provider with 5 billions of dollars in assets, a wide range of products and a very diversified clientele. With over 140 years of experience in the contract fleet industry, Wheels Donlen has over 1,000 customers in North America. For more information, please visit www.wheels.com or www.donlen.com.

About LeasePlan

LeasePlan is a global leader in Car-as-a-Service, with approximately 1.9 million vehicles under management in 29 countries. LeasePlan buys, finances and manages new vehicles for its customers, providing a complete end-to-end service for a typical contract period of three to four years. LeasePlan is committed to playing a leadership role in the transition to zero-emission mobility and has set itself the ambitious goal of achieving net-zero emissions from its financed fleet by 2030. With more than 50 years of experience, LeasePlan’s mission is to deliver what’s next in sustainable mobility so our customers can focus on their future. To learn more, visit www.leaseplan.com/corporate.

About Athena

Athene, through its subsidiaries, is a leading retirement services company with total assets of $246 billion as of March 31, 2022 and operations in the United States, Bermuda and Canada. Athene specializes in helping clients achieve financial security and is a solutions provider to institutions. Founded in 2009, Athene is driven to do more for our policyholders, our business partners, our shareholders and the communities in which we work and live. For more information, visit www.athene.com.

Donlen Wheels Media Contact

Kevin Riley
Such. : +1 (312) 961 9102
E-mail: [email protected]

LeasePlan media contact

Hayden Lutek
Such. : +31 (0) 6 2137 0324
E-mail: [email protected]

Media contact Athena

Kelly Woerdehoff
Such. : +1 (515) 324 5144
E-mail: [email protected]

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