HWLE Lawyers has advised on the sale of Bargain Car Rentals to Tokyo‑listed Tokyo Century Corporation, marking what is understood to be one of the largest M&A transaction led from Tasmania.

Tokyo Century is listed on the Tokyo Stock Exchange with a market capitalisation of approximately AUD 9.15 billion. It operates globally across auto leasing, car rental and financing, with businesses in Asia, the USA and Australia.

The transaction involved Tokyo Century acquiring a 100 per cent interest in Bargain Car Rentals, one of Australia’s leading independent rental vehicle providers.

The deal was notable for its complexity and national footprint, spanning assets and operations across multiple Australian jurisdictions and requiring close coordination across corporate, property and planning practice groups.

The HWLE Lawyers corporate team was led by Adam Goldner (Partner), with support from Vien Tran (Senior Associate), Jefferson Nguon (Associate) and Emily Hale (Associate). The property team was led by Matthew Powell (Partner) and supported by Cait Clifton (Special Counsel) and Hailey Holloway (Solicitor).

Specialist advice was also provided by Matthew Craven (Partner), Mark Etherington (Partner), Johnny Ho (Partner), Thomas Kim (Partner), Anthony Lawrence (Partner), Andrew Natoli (Partner), Peter Staniszewski (Partner), Cam Steele (Partner) and Teresa Torcasio (Partner).

Commenting on the deal, Adam Goldner said:

“It was a pleasure to support the shareholders of Bargain Car Rentals on a transaction of this scale and complexity. We look forward to the next phase of growth for the business.”

Note to Editors:

HWLE is the largest legal partnership in Australia according to the most recent partnership surveys published by the Australian Financial Review.

The firm comprises 1,987, staff including 279 Partners, 1,246 other legal staff and 462 support staff across offices in nine locations – Adelaide, Brisbane, Canberra, Darwin, Melbourne, Hobart, Norwest (Northwest Sydney), Perth and Sydney.

HWLE is an independent, nationally integrated, full service commercial law firm, providing tailored and commercially oriented legal services.

HWLE operates a different business model to the other leading national law practices, and this allows us to offer unrivalled value for money without compromising quality and service. Our low ratio of solicitors to partners ensures that our clients receive optimal access to partner resources for all matters.

For further information, please contact:

Sally Bariol, Public Relations Specialist (02) 9138 2308 or sbariol@hwle.com.au

Angelique Kear, Head of Marketing (02) 9334 8541 or akear@hwle.com.au