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01/2006

AUTODISTRIBUTION / PARTS HOLDING EUROPE acquired by INVESTCORP

FRANCE Automotive / Retail & Services EV €500M–1.5bn

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 [members only] in 2005, is valued in this transaction at an EV/EBITDA multiple of 5x–12x, representing a discount to the average currently observed in the Industry & Manufacturing sector (11.7x).

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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

€500M–1.5bn

Equity Value

[members only]

Multiples

EV / Revenue

below 1.5x

EV / EBITDA

5x–12x

EV / EBIT

[members only]

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2005
€1–10bn
€50–100M
[members only]
2004
€1–10bn
€50–100M
[members only]

Other operations with AUTODISTRIBUTION / PARTS HOLDING EUROPE

Other operations with AUTODISTRIBUTION / PARTS HOLDING EUROPE

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
05/2022D’IETERENAUTODISTRIBUTION / PARTS HOLDING EUROPEFRANCERetail & Services
09/2015BAIN CAPITALAUTODISTRIBUTION / PARTS HOLDING EUROPEFRANCERetail & Services

REFERENCES

Valuation range: EV €500M–1.5bn

Revenue range: €1–10bn

EBITDA range: €50–100M

EV/Revenue range: below 1.5x

EV/EBITDA range: 5x - 12x

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: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Acquirer: investcorp