Weil, Gotshal & Manges Advises Deutsche Bank AG, Lehman Brothers Inc. and Merrill Lynch & Co. Inc. in Agreement to Sell Hertz to Private Equity Investors for $15 Billion

NEW YORK, Sept. 14 -- Weil, Gotshal & Manges LLP, one of the world's leading law firms, is providing legal counsel to Deutsche Bank AG, Lehman Brothers Inc. and Merrill Lynch & Co. Inc., the financial advisors to private equity firms Clayton, Dubilier & Rice, The Carlyle Group and Merrill Lynch Global Private Equity, in connection with their announced agreement to purchase The Hertz Corporation from Ford Motor Company. The transaction is valued at $15 billion.

Hertz, the world's largest vehicle rental organization, has more than $7 billion in annual revenue. Founded in 1918, Hertz has 7,000 locations in the U.S. and 150 foreign countries.

  Weil, Gotshal & Manges LLP's Team

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Weil, Gotshal & Manges LLP is an international law firm of more than 1,200 attorneys, including approximately 300 partners. Weil Gotshal is headquartered in New York, with offices in Austin, Boston, Brussels, Budapest, Dallas, Frankfurt, Houston, London, Miami, Munich, Paris, Prague, Providence, Shanghai, Silicon Valley, Singapore, Warsaw, Washington, DC and Wilmington.