At what enterprise value was LOOKERS acquired in 2023?

During the acquisition of LOOKERS by GLOBAL AUTO HOLDINGS in 2023, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 500M - 1.5b GBP. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Industry & Manufacturing industry currently tracks an average EBITDA multiple of 11.2x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of LOOKERS when it was acquired by GLOBAL AUTO HOLDINGS?

The estimated EV/EBITDA multiple for LOOKERS is in the range of below 5x. For comparison, the Industry & Manufacturing sector currently shows an average EBITDA multiple of 11.2x. Join our community for free to access full valuation data and industry trends.

When was LOOKERS acquired by GLOBAL AUTO HOLDINGS?

LOOKERS was acquired by GLOBAL AUTO HOLDINGS in 2023.

What was the revenue of LOOKERS at the time of the deal?

The revenue of LOOKERS at the time of the deal is estimated to be in the range of 2.5b - 5b GBP. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of LOOKERS during the acquisition?

LOOKERS's EBITDA is estimated to be in the range of 100M - 200M GBP. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the LOOKERS acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the LOOKERS deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.reuters.com/markets/deals/global-auto-holdings-buy-car-dealership-chain-lookers-595-mln-2023-06-20/

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Home Database Industry & ManufacturingLOOKERS

06/2023

LOOKERS acquired by GLOBAL AUTO HOLDINGS

UNITED KINGDOM Automotive / Retail & Services / Dealerships EV 500M - 1.5b GBP

Context

Global Auto Holdings Ltd. (GAHL), an affiliate sharing ownership with Toronto-based Alpha Auto Group (AAG), has completed the acquisition of Lookers PLC through a court-sanctioned scheme of arrangement. Following initial shareholder resistance over the summer, GAHL raised its cash offer per share to secure investor approval. The transaction takes the target private and marks its delisting from the London Stock Exchange. The operational perimeter encompasses a workforce of approximately 6,500 employees and an infrastructure network of 147 franchise dealerships across the United Kingdom and Ireland. The transaction marks AAG’s entry into the European automotive retail market. Prior to the acquisition, AAG's geographic footprint was limited to 15 large-scale vehicle dealerships across Canada and the United States. By acquiring Lookers, the group absorbs an established, century-old distributor of new and used vehicles, light vans, and aftermarket services. The post-closing industrial thesis focuses on geographic diversification and expanding global market share, positioning the combined entity to leverage Lookers' existing platform amidst broader consolidation within the British automotive retail sector.

LOOKERS, which reported an EBITDA margin of LOGIN in 2023, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level LOGIN than the average currently observed in the Industry & Manufacturing sector (11.2x).

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.

-> Deep-dive in Industry & Manufacturing market trends

Target

Lookers PLC is a British automotive retail company founded in 1908, operating through a network of 147 franchise dealerships in the UK and Ireland, offering new and used vehicles, as well as aftermarket services such as maintenance and repair, with an extensive presence in the UK automotive market, providing a varied range of vehicle brands and models, and benefiting from a solid reputation for customer service and sales quality, with a team of over 6,500 employees dedicated to delivering an exceptional vehicle buying and ownership experience, and which has undergone a rich and evolutionary history, transitioning from a bicycle retailer to a major player in the automotive market, with a stock exchange presence since 1973, but which is now preparing to come under private control, which should enable it to pursue its growth and development strategy in a context of increased competition and regulatory changes in the automotive sector.

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REFERENCES

Valuation range: EV 500M - 1.5b GBP

Revenue range: 2.5b - 5b GBP

EBITDA range: 100M - 200M GBP

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of LOOKERS by GLOBAL AUTO HOLDINGS 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).

Target: lookers

Acquirer: global auto holdings