AUTODISTRIBUTION / PARTS HOLDING EUROPE acquired by INVESTCORP
Context
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
AUTODISTRIBUTION / PARTS HOLDING EUROPE, which reported an EBITDA margin of LOGIN in 2005, 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 (11.6x).
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).
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Historical Financials (EUR)
Other operations with AUTODISTRIBUTION / PARTS HOLDING EUROPE
| Date | Acquirer | Target | Country | Sector | Deal Context |
|---|---|---|---|---|---|
| 05/2022 | D’IETEREN | AUTODISTRIBUTION / PARTS HOLDING EUROPE | FRANCE | Automotive | 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 |
| 09/2015 | BAIN CAPITAL | AUTODISTRIBUTION / PARTS HOLDING EUROPE | FRANCE | Automotive | 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 |
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 INVESTCORP 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).
Acquirer: investcorp