Weinberg buys French vehicle rental business

Weinberg Capital Partners, a French mid-market firm, has bought a majority stake in Via Location, a French vehicle rental company, for an undisclosed amount.

Edmond de Rothschild Capital Partners has sold its stake in French vehicle rental business Via Location to Paris-based Weinberg Capital Partners.

 

This is Weinberg’s fifth investment since it was founded in July 2005. The firm invests in mid-market European companies, principally in France and southern Europe, through its €420 million ($559 million) fund.

 

Edmond de Rothschild Capital Partners is the Paris-based venture capital business of Edmond de Rothschild Group and has more than €200 million under management.

 

Via Location generated sales of €127 million in 2006 and employs more than 700 people.