Franchise Services of North America Inc. Closes Acquisition of Advantage Rent A Car

Franchise Services of North America Inc. (“FSNA”) closed the previously announced merger between FSNA's wholly-owned subsidiary and Adreca Holdings Corp. (“Adreca”), a wholly-owned indirect subsidiary of Macquarie Capital, as a result of which the Advantage Rent A Car became wholly owned by FSNA. Prior to the merger, FSNA continued to the State of Delaware from Canada pursuant to a plan of arrangement approved by the Court of Queen's Bench of Alberta on May 2, 2013. FSNA and Adreca acquired Advantage Rent A Car from The Hertz Corporation (“Hertz”) in connection with Hertz's US$2.6 Billion acquisition of Dollar Thrifty Automotive Group Inc.

FSNA was represented in Canada by Stikeman Elliott LLP with a team that included Ken Ottenbreit, Christopher Nixon, Gordon Cameron, Marc-André Wolfe, Benjamin Hudy and Gianfranco Matrangolo.

Macquarie Capital was represented in Canada by Blake, Cassels & Graydon LLP with a team that included Chris Hewat and Mark Adkins and Jamie Kariya (corporate/securities); and Chris Van Loan (tax) and Paul Belanger (regulatory).

Lawyer(s)

Gordon N. Cameron Christopher A. Hewat Christopher W. Nixon Jamie Kariya Kenneth G. Ottenbreit Benjamin S. P. Hudy Mark R. T. Adkins Paul Belanger Christopher R.J. Van Loan