Sixt Rent-a-Car LLC is appealing Advantage Rent a Car's sale to Catalyst Capital Group Inc. after arguing that it should have won the bidding at last month's auction, Dow Jones Daily Bankruptcy Review reported today. Sixt, a unit of German car-rental chain Sixt SE, on Friday said that it was appealing the bankruptcy court order clearing Advantage's sale to Catalyst, court papers show. Advantage, whose spin-off from Hertz Global Holdings Inc. was completed last year, filed for chapter 11 protection in November after negotiating financing and sale agreements with Catalyst, a Canadian private equity firm.
