Say hello to the new ANC Rental Corp. - or rather, say hello to Vanguard Car Rental USA, the freshly formed entity that bought ANC's assets, including its subsidiary brands Alamo Rent a Car and National Car Rental, out of bankruptcy.

The rental car concern is a headliner once again, with a uniquely structured rental fleet lease deal to be completed sometime this week. Vanguard is essentially the shell set up by Cerberus Capital Management to be the new corporate parent. Cerberus, a hedge fund/private equity buyout firm, owns the majority stake in Vanguard.

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