Through a series of dividends, a secondary offering and four block sales, CD&R funds have completed the realization of their investment in Hertz.

Since carving Hertz out of the Ford Motor Company in 2005, CD&R helped drive a business transformation which included building a new leadership team, taking the company public, adopting Lean/Six Sigma tools to drive business efficiencies, reshaping the vehicle acquisition and disposal strategies, developing and executing a profitable off-airport growth business plan, introducing car sharing technology, entering the long-term vehicle leasing market, driving international growth in vehicle and equipment rental both organically and through acquisition and acquiring Dollar Thrifty to solidify Hertz's presence with two well-established brands in the mid-tier value segment of the vehicle rental market. CD&R also played a critical role in helping to guide Hertz through the financial crisis and subsequent recession.