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09/2015

AUTODISTRIBUTION / PARTS HOLDING EUROPE acquired by BAIN CAPITAL

FRANCE Automotive / Retail & Services EV 500M - 1.5b EUR

Context

This transaction represents a major secondary leveraged buyout, marking the successful exit of the incumbent private equity consortium that had steered the company through a significant turnaround phase, more than tripling profits during its tenure. The incoming global financial sponsor acquires a controlling majority stake, injecting fresh momentum into the enterprise. To optimize its capital structure prior to the sale, the target had successfully utilized high-yield bond markets to refinance historical debt and distribute dividends. The new partnership aims to build upon this solid financial foundation, focusing heavily on continuous supply chain automation and aggressive external acquisitions to widen the overall product offering and expand its international footprint.

Investcorp had previously taken control of the company through an LBO in 2006.

AUTODISTRIBUTION / PARTS HOLDING EUROPE, which reported an EBITDA margin of LOGIN in 2015, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Industry & Manufacturing sector (10.8x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

Autodistribution is the leading French distributor of automotive and truck spare parts. The group operates a vast network of distributors and affiliated independent garages (AD Network).

Ent. Value

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Equity Value

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Multiples

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

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2015
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2014
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Other operations with AUTODISTRIBUTION / PARTS HOLDING EUROPE

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
DateAcquirerTargetCountrySectorDeal Context
05/2022D’IETERENAUTODISTRIBUTION / PARTS HOLDING EUROPEFRANCEAutomotive

This transaction represents a major strategic trade sale marking the transition of Parts Holding Europe (PHE) from private equity ownership back to a long-term industrial partner. After two unsuccessful IPO attempts and discussions with other financial sponsors, the incoming industrial leader secured an exclusive agreement to acquire absolute majority control. The move follows a period of robust recovery and digital acceleration, notably through the integration of a major B2C e-commerce platform. To capitalize the operation, the structure recognizes a significant enterprise value that reflects the target's leading position in the fragmented European aftermarket, providing the renewed strategic momentum required to challenge global peers in the distribution sector.

01/2006INVESTCORPAUTODISTRIBUTION / PARTS HOLDING EUROPEFRANCEAutomotive

Investcorp acquired a majority stake in Autodistribution from a pool of mezzanine lenders (Goldman Sachs, Euromezzanine, CDPQ, Banexi) who had taken control of the company following a debt restructuring in the early 2000s. The transaction values the company at EUR600 million

REFERENCES

Valuation range: EV 500M - 1.5b EUR

Revenue range: 750M - 1.3b EUR

EBITDA range: 50M - 100M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of AUTODISTRIBUTION / PARTS HOLDING EUROPE by BAIN CAPITAL are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Acquirer: bain capital