Egeria became a shareholder in Budget Rent-a-Car at the beginning of 1998. Together with the management and other shareholders, the company was then provided with significant capital to continue its growth path of the previous years.
In 1998, Budget’s fleet consisted of over 14,000 cars in both the Netherlands and Finland. The company is market leader in these countries with a market share of more than 25% and more than 80 outlets.
At the end of 1998, Budget was sold to UBS Capital, the private equity arm of the Swiss Investment Bank UBS.