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.

AUTODISTRIBUTION / PARTS HOLDING EUROPE, which reported an EBITDA margin of LOGIN in 2021, 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).

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