Driver assistance system developer valued at $1.5bn in equity sale to investors including Enterprise Rent-A-Car.
Mobileye, a Netherlands-based developer of camera-based advanced driver assistance systems for the automotive industry, has agreed to sell $400m of its equity at a company equity valuation of $1.5bn (on a pre-money basis) to five investors, reported to be the car rental business Enterprise Rent-A-Car, together with financial investors BlackRock, Fidelity Management, Wellington Management, and China-based private equity fund Sailing Capital.
Goldman, Sachs & Co. and Morgan Stanley served as the placement agents for the financing. The transaction is expected…
