SOURCE: Bobit Business Media

February 23, 2011 12:27 ET

Editorial Feature: Car Rental Show Announces Financing Seminar

TORRANCE, CA--(Marketwire - February 23, 2011) - The Car Rental Show (CRS) is pleased to announce Scott White, senior managing director and head of investment banking at C.L. King & Associates, as a speaker. White's seminar, "How to Explain Car Rental to Banks and Investors," will take place on Wednesday, March 9 at 2:45 pm.

White's seminar will reveal the arguments and explanations he's used successfully with global banks, private equity firms, institutional investors and Wall Street analysts in car rental's biggest mergers and acquisitions and financing deals.

White executed the IPO of Team Rental Group in 1994 and then oversaw the acquisitions of Budget Rent a Car, Ryder Truck Rental, Premier Car Rental and Cruise America while at Budget Group, the successor to Team Rental. In the early 2000s, he advised Avis on the acquisition of Budget and the sale of PHH Europe. In the mid-2000s, he advised a consortium of large private equity firms on the Hertz auction and the Europcar auction. White has also worked on many capital raising deals for major car rental companies.

"The challenge for car rental operators is to address common misunderstandings banks and investors may have about the industry," says White. "With the right information, they'd understand that car rental is great business."

"While this is a high-level analysis of the issues, White will present invaluable information that car rental operators can bring to the table on a local level," said Chris Brown, editor of Auto Rental News.

The Car Rental Show will convene March 8-9, 2011 at the Las Vegas Hilton.

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