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Liva Bil

Status
Realised
Country
Norway
Strategy
Mid Cap
Sector
Business Services
Entry
Apr-91
Exit
Jun-93
Fund
IK 1989

Norweigan car rental company

At the time of exiting, Liva Bil was Norway’s leading car rental company, operating the AVIS franchise in car rental and full-service fleet leasing.

In April 1991, the IK 1989 Fund successfully completed acquisition from AVIS Europe, before the firm was listed on the Oslo Stock Exchange in June 1993.

Our Value Creation Strategy

During our ownership, we worked alongside the management team to:

  • Acquire AVIS’ operations in Sweden; and
  • Improve operating profits by expanding fleet leasing activities.