Athens, Greece, December 4, 2023. SouthBridge Europe Mezzanine II SICAR announces agreement to investment in Surprice Group of Companies, to support its international expansion strategy.

Surprice Group (https://surpricecars.com/) is engaged in the short-term car rental business through a worldwide franchise network, the management and operation of which is supported by an internally developed IT platform connecting the network to global online travel intermediaries.

The Group has developed an extensive network numbering over 40 franchisees with presence in 32 countries (21 in Europe, 4 in Asia, 4 in Africa and 3 in the Americas), in over 150 locations, operating a total fleet of over 8,000 cars. In addition, the Group operates directly 3 rent-a-car (RaC) stations in Greece located in Athens, Heraklion and Chania as part of Surprice’s franchise network.

Surprice Group has partnerships with some of the most globally acknowledged OTAs such as Booking (RentalCars.com), Expedia, Cartrawler and DoyouSpain.

SouthBridge Europe Mezzanine II SICAR (www.southbridgeadvisors.com) is an investment fund backed by the European Investment Fund (EIF), the European Bank for Reconstruction and Development (EBRD) and the Hellenic Development Bank of Investments (HDBI).

Deloitte acted as financial advisor to Surprice for the transaction.