AUTODISTRIBUTION / PARTS HOLDING EUROPE acquired by 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.
It is worth noting that the fund Investcorp took control of Autodistribution / Parts Holding Europe through an LBO in 2006.
AUTODISTRIBUTION / PARTS HOLDING EUROPE, which reported an EBITDA margin of in 2015, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Industry & Manufacturing sector (11.6x).
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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
Equity Value
Multiples
EV / Revenue
EV / EBITDA
EV / EBIT
Historical Financials (EUR)
Other operations with AUTODISTRIBUTION / PARTS HOLDING EUROPE
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 05/2022 | D’IETEREN | AUTODISTRIBUTION / PARTS HOLDING EUROPE | FRANCE | Retail & Services |
| 01/2006 | INVESTCORP | AUTODISTRIBUTION / PARTS HOLDING EUROPE | FRANCE | Retail & Services |
REFERENCES
Valuation range: EV 500M - 1.5b EUR
Revenue range: 750M - 1.3b EUR
EBITDA range: 50M - 100M EUR
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Press release: view release
Acquirer: bain capital