Add-on Acquisition • Distribution

Euro Car Parts Acquires Andrew Page

On October 4, 2016, Euro Car Parts acquired distribution company Andrew Page from Endless and Phoenix Equity Partners

Acquisition Context
  • This is Euro Car Parts’ 2nd transaction in the Distribution sector.
  • This is Euro Car Parts’ 2nd transaction in the United Kingdom.

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M&A Deal Summary

Date October 4, 2016
Target Andrew Page
Sector Distribution
Buyer(s) Euro Car Parts
Sellers(s) Endless
Phoenix Equity Partners
Deal Type Add-on Acquisition

Target Company

Andrew Page

Leeds, United Kingdom
Andrew Page Ltd. is a distributor and wholesaler of automotive parts. Andrew Page provides its 9,000 customers, primarily independent garages, with a high quality service, offering rapid delivery of a wide range of products.
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Buyer Overview 1

Buyer

Euro Car Parts

Wembley, United Kingdom

Category Company
Founded 1978
Sector Distribution
Employees3,500
DESCRIPTION

Euro Car Parts Ltd. is a distributor of automotive aftermarket parts in the United Kingdom.Euro Car Parts has serving more than 120,000 commercial customers from 89 locations throughout the UK, offering a broad product line of 114,000 SKUs.


Deal Context for Buyer #
Overall 2 of 2
Sector: Distribution 2 of 2
Type: Add-on Acquisition 2 of 2
Country: United Kingdom 2 of 2
Year: 2016 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-01 Autoclimate

Shrewsbury, United Kingdom

Autoclimate Ltd. is a distributor of collision repair parts and products for automotive climate control systems, with a reputation for top-quality products and service.

Buy -

Seller Profiles 2

SELLER

Endless

Leeds, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 1.5B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Endless LLP is an independent private equity firm that targets management buyouts and turnaround investment opportunities in a variety of industries. Endless invests in UK based companies with generating sales of £10 to £1000 million. Endless can commit up to £80 million for each transaction in the form of equity and/or debt. Endless will not invest in startups or companies with less than £10 million of sales. Endless was formed in 2005 and has offices in Leeds, Manchester and Solihull.


Deal Context for Seller #
Overall 18 of 54
Sector: Distribution 1 of 1
Type: Add-on Acquisition 11 of 33
Country: United Kingdom 18 of 52
Year: 2016 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-02 Liberata

London, United Kingdom

Liberata is a provider of business processing outsourcing services to the public sector and on-demand, digital and transaction services through its CapacityGrid and Liberata Automation Services brands.

Sell £43M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-02 Chaucer Foods

Hull, United Kingdom

Chaucer Foods is a global producer of freeze-dried foods and specialist bread products servicing major brands and businesses such as Kelloggs, Nestle and Unilever. Its expertise provides it with a unique market position, enabling it to meet and manage the supply chain challenges for a group of global customers on an exclusive basis. The company was formed in 1982 in the UK and now has manufacturing sites in the UK, France, USA and China.

Sell $130M
SELLER

Phoenix Equity Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 1.5B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Phoenix Equity Partners is a mid-market private equity firm that funds management buyouts and buy-ins, and provides expansion capital for UK-based companies. Phoenix looks for opportunities valued up to £200 million. Target sectors include consumer, leisure, retail, financial services, healthcare, education, media, transportation/logistics, and business services. Phoenix Equity Partners was formed in 2001 and is based in London.


Deal Context for Seller #
Overall 26 of 45
Sector: Distribution 3 of 3
Type: Add-on Acquisition 8 of 17
Country: United Kingdom 24 of 43
Year: 2016 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-06 Radley

London, United Kingdom

Radley is a well-known British handbag and accessories brand in the rapidly growing affordable luxury market with a multi-channel business and established distribution network covering the Europe, and Asia. Radley was founded in 1998 and is based in London, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-29 Karmarama

London, United Kingdom

Karmarama LLP is an independent agency renowned for blending creativity, digital and data to develop campaigns that help brands better engage with consumers.

Sell -