Autodistribution and Parts Holding Europe acquired by D’ieteren

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.

In the past, the company had already been the subject of several LBOs, notably led by Investcorp in 2006 and Bain Capital in 2015. These multiple LBO cycles illustrate the strong appeal for this type of asset.