← Database
M&A

AUTODISTRIBUTION / PARTS HOLDING EUROPE

Acquired by

BAIN CAPITAL

FRANCE Automotive / Retail & Services EV 500m EUR - 1b EUR 09/2015

Target

AUTODISTRIBUTION / PARTS HOLDING EUROPE

Acquirer

BAIN CAPITAL

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.

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 discount to the average currently observed in the Industry & Manufacturing sector (10.9x).

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.

-> Deep-dive in Industry & Manufacturing market trends

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

LOGIN

Equity Value

LOGIN

Multiples Analysis

EV / Revenue

LOGIN

EV / EBITDA

LOGIN

EV / EBIT

LOGIN

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2015
LOGIN
LOGIN
LOGIN
2014
LOGIN
LOGIN
LOGIN

Other operations with AUTODISTRIBUTION / PARTS HOLDING EUROPE

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

Authors: 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