The transaction amounts to 1.7 billion euros.
The IPO failed twice. Oscaro, the automotive spare parts specialist for individuals, and its parent company, Parts Holding Europe, which carries out the same activity but aimed at professionals, will be taken over by Carglass, the French leader in windshield repair. -broken. The Bain Capital fund had tried to list the company on the stock market in 2018. Without success. Then again in 2021. With another failure.
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The investment fund had owned Parts Holding since 2015. It financed its development, with the takeover of Modialm Pare-Brise in 2017, then Oscaro in 2018. Since taking control, the group has posted growth average annual turnover of 13%. At the end of September 2011, it stood at 1.9 billion euros over the previous twelve months.
On the strength of this dynamism, Bain decided to liquidate its investment. The initial public offering having failed, he sought a buyer. And it was the Belgian D’Ieteren who presented himself. The operation is carried out on a valuation of 1.7 billion euros. A family business, the buyer knows the automotive world well. It is one of the largest distributors across Quiévrain. Above all, it is very well known in France through its subsidiary Belron, owner of the French number one in windshield repair, Carglass. It also owns other windshield repair players around the world, such as the American Safelite and the British Autoglass. Outside the automotive sector, D’Ieteren owns the well-known notebook brand Moleskine.