TBI Rent was the largest independent vehicle operating leasing provider in Bulgaria, owned by TBI Bank, a niche local commercial bank. In 2016 TBI Bank was acquired by 4finance Holding, one of Europe’s largest online consumer lending groups operating in 14 countries, with the goal of entering the Bulgarian retail lending market. In line with this strategy, TBI Bank chose to divest its non-core TBI Rent operation. SORTIS Invest was selected as the exclusive financial advisor of TBI Bank for the sale of TBI Rent. SORTIS managed the entire sale process from preparing the transaction documents, through deal marketing, to non-binding and binding offers evaluation, negotiations and closing. Both local and international bidders were attracted for a very competitive process.
