The deal, for about $875 million, including an anticipated cash payment of $825 million, requires approval from the bankruptcy court, according to a statement. In September 2011 the company was acquired by Hertz Global Holdings, Inc for $250 million in cash and the assumption of $770 million in Donlen fleet debt. PARK RIDGE, N.J., Sept. 30, 2013 /PRNewswire/ -- Hertz Global Holdings, Inc. (NYSE: HTZ) announced today that its wholly owned subsidiary, Donlen Corporation ("Donlen"), has successfully completed the establishment of a new fleet lease securitization platform to finance its U.S. fleet lease operations going forward. Donlen Corporation was founded in 1965 by Donald Rappeport and Leonard Vine. The bankruptcy court recently approved $1.65 billion in … Stone called the Donlen sale “another significant accomplishment for Hertz during our financial restructuring,” and I tend to concur with the CEO’s assessment. Hertz Global Holdings entered into a stock and asset purchase agreement to sell substantially all of the assets of its wholly-owned subsidiary, Donlen Corporation, a fleet management and financing provider, to Athene Holding, a financial services company, for an anticipated cash payment of $825 million before adjustments for fleet equity, working capital and assumed debt. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. It now forms a subsidiary of the Hertz Corporation. Information includes Maintenance & Fuel Detail. ABOUT DONLEN. The purchase consideration of … Previously, Beirne worked at Heller Financial Inc., a $20 billion multi-national finance company. As executive VP and treasurer at Heller, he helped the organization successfully transition into a public company. Company Description: Donlen Corporation, founded in 1965, is North America's fastest-growing fleet leasing and management company with over 120,000 vehicles managed and more than 260 employees. DonlenDriver® Mobile functionality includes: • Vehicle Info – Provides an overall snapshot of the driver's current information. Hertz is the second-biggest car rental company in North America, behind Enterprise. DONLEN TRUST (New York (US), 18 May 2001 - , DONLEN CORPORATION, 2315 SANDERS ROAD, NORTHBROOK, ILLINOIS, 60062) branch DONLEN TRUST (Pennsylvania (US), 9 May 2001 - , CT Corporation System Philadelphia) branch DONLEN TRUST (Tennessee (US), 9 May 2001 - , 3000 LAKESIDE DR STE 2 BANNOCKBURN, IL 60015-1230 USA) "Her background as both a creative director and marketing executive with strong brand management experience brings a unique perspective and depth of knowledge to Donlen as we continue to grow in the marketplace." Hertz Global, the holding company for car rental giant Hertz and fleet management company Donlen, has filed for bankruptcy under Chapter 11. Donlen Corporation (www.donlen.com), with headquarters in Northbrook, IL, offices nationwide, and strategic global partnerships, is a leading provider of innovative fleet leasing and management services for corporate fleets across the U.S., and has … Finance Professional and Senior Management Team Member. In another announcement, Chris Strout was named director of marketing for Donlen Corporation. ESTERO — Hertz Global Holdings, working its way through bankruptcy, has reached an agreement to sell its fleet management entity, Donlen Corp., to financial services giant Athene Holding Ltd. Headquartered in Northbrook, Illinois, Donlen is passionate about providing the industy's best customer service and most innovative technology to bring creative fleet management solutions to its customers. Donlen is ranked #38 on the Best Real Estate Companies to Work For in America list. 73 Donlen reviews. Michael Gary. DONLEN CORPORATION (Subsidiary) Company Profile, Corporate Revenues, Growth, Market Size, Analysis, Business Forecasts, Market Share, Metrics, SWOT. "The agreement to sell our Donlen business is another significant accomplishment for Hertz during our financial restructuring, following the $1.65 billion debtor-in-possession financing and $4 billion fleet financing recently approved by the Bankruptcy Court,” Hertz President and CEO Paul Stone said. Donlen Rankings. Hertz estimates these adjustments to result in a purchase price of at least $875 million. Athene Holding Ltd ATH has inked a stock and asset purchase agreement with Hertz Global Holdings, Inc. to buy its wholly-owned subsidiary, Donlen Corporation. Hertz President and CEO Paul Stone said, "The agreement to sell our Donlen business is another significant accomplishment for Hertz during our financial … For more information about The Hertz Corporation, visit: www.hertz.com. Athene Holding Ltd ATH has inked a stock and asset purchase agreement with Hertz Global Holdings, Inc. to buy its wholly-owned subsidiary, Donlen Corporation.The purchase consideration of $825 million is subject to adjustments for fleet equity, working capital and assumed debt. The deal to sell Donlen follows several other key steps Hertz Global has taken in its financial restructuring efforts. DonlenDriver® Mobile seamlessly exchanges data in real time with existing platforms, assuring the same functionality you utilize online is available to you when you need it; in the office or on the road. ... Hertz Global Holdings Announces Asset Purchase Agreement With Athene Holding For The Sale Of Donlen Corporation Stockhouse 11/26/2020. Additionally, The Hertz Corporation owns the vehicle leasing and fleet management leader Donlen Corporation, operates the Firefly vehicle rental brand and Hertz 24/7 car sharing business in international markets and sells vehicles through Hertz Car Sales. "We are pleased to have Suzanne join Donlen," said Gary Rappeport, Donlen Corporation's CEO. Carla Aranas. A free inside look at company reviews and salaries posted anonymously by employees. Carla ... VP Accounting Operations at Donlen Corporation. Hertz Global Holdings announced on May 22, 2020 that the company and certain U.S. and Canadian subsidiaries filed for Chapter 11 bankruptcy. Hertz President and CEO Paul Stone said, "The agreement to sell our Donlen business is another significant accomplishment for Hertz during our financial … NORTHBROOK, IL – Donlen Corp. has named Suzanne Deveney as its new director of marketing. Hertz’s decision to divest Donlen amid financial restructuring follows the $1.65 billion debtor-in-possession financing and $4 billion fleet financing recently approved by the Bankruptcy Court. Donlen Corporation develops innovative fleet management technology solutions. Donlen Corp. employees earn $57,500 annually on average, or $28 per hour, which is 14% lower than the national salary average of $66,000 per year.According to our data, the highest paying job at Donlen Corp. is a Systems Analyst at $60,000 annually while the lowest paying job at Donlen Corp. is a Title Specialist at $38,000 annually. Hertz Global Holdings, Inc. (OTCPK: HTZGQ) announced that it has entered into an agreement to sell its wholly-owned subsidiary, Donlen Corporation, a fleet management leader, to Athene Holding Ltd. (NYSE: ATH), a financial services company, for an anticipated cash payment of $825 million subject to adjustments for fleet equity, working capital and assumed debt. 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