M&A Deal Summary

Genuine Parts Acquires Alliance Industrie SA

On September 25, 2017, Genuine Parts acquired automotive company Alliance Industrie SA from The Blackstone Group and Idinvest Partners for 2.0B USD

Acquisition Highlights
  • This is Genuine Parts’ 4th transaction in the Automotive sector.
  • This is Genuine Parts’ largest (disclosed) transaction.
  • This is Genuine Parts’ 1st transaction in France.

M&A Deal Summary
Date 2017-09-25
Target Alliance Industrie SA
Sector Automotive
Buyer(s) Genuine Parts
Sellers(s) The Blackstone Group
Idinvest Partners
Deal Type Add-on Acquisition
Deal Value 2.0B USD
Advisor(s) Lazard
UBS Investment Bank (Financial)
Linklaters (Legal)

Target

Alliance Industrie SA

Paris, France
Alliance Industrie SA is a parts distribution platform in Europe, with a focus on light vehicle and commercial vehicle replacement parts. Alliance Industrie SA was formed in 1991 and is based in Paris.

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Buyer(S) 1

Buyer

Genuine Parts

Atlanta, Georgia, United States
Category Company
Founded 1928
Sector Automotive
Employees60,000
Revenue 23.1B USD (2023)
DESCRIPTION
Genuine Parts' corporate headquarters in Atlanta, Georgia.
Genuine Parts' corporate headquarters in Atlanta, Georgia.

Genuine Parts is a service organization engaged in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials. Company products and services are offered through a network of over 2,000 operations, geographically located across the United States, Canada and Mexico. Genuine Parts was founded in 1928 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 15 of 20
Sector (Automotive) 4 of 7
Type (Add-on Acquisition) 13 of 18
Country (France) 1 of 1
Year (2017) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-19 Merle s Automotive Supply

Tucson, Arizona, United States

Merle's Automotive Supply, Inc. is a 14 location automotive parts distributor serving both the commercial and retail markets in the greater Tucson and southern Arizona area. Merle's Automotive Supply was founded in 1969 and is based in Tucson, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-19 Hastings Auto Parts

Warren, Michigan, United States

Hastings Auto Parts, Inc. is a provider of automotive components and systems. Hastings Auto Parts, Inc. was founded in 1955 and is based in Warren, Michigan.

Buy -

Seller(S) 2

SELLER

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 131.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York, New York.

DEAL STATS #
Overall 114 of 174
Sector (Automotive) 3 of 4
Type (Add-on Acquisition) 40 of 67
Country (France) 3 of 3
Year (2017) 5 of 6
Size (of disclosed) 22 of 57
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-21 Schenck Process

Darmstadt, Germany

Schenck Process is a provider of solutions in measuring and process technologies in industrial weighing, feeding, screening and automation. Schenck develops, manufactures and markets a full range of solutions, products and turnkey systems on the basis of combining process engineering expertise, reliable components and field-proven technology. Schenck Process was founded in 1881 and is based in Darmstadt, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-13 Cloverleaf Cold Storage

Sioux City, Iowa, United States

Cloverleaf Cold Storage is a family owned cold storage warehouse and processing company. Cloverleaf Cold was founded in 1952 and is now the 8th largest public refrigerated warehouse company in North America, as reported by the International Association of Refrigerated Warehouses, an industry trade group. Cloverleaf Cold has operations in eight states from the Midwest to the Southeastern US.

Buy -
SELLER

Idinvest Partners

Paris, France
Category Private Equity Firm
Founded 1997
PE ASSETS 7.6B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Idinvest Partners is a European investment firm focused on investing in small to mid-sized companies at various stages of development. Idinvest segments its investment activity into three groups. These include venture and growth capital, private debt, and dedicated portfolios/funds. Idinvest's venture and growth capital group looks to invest directly in early stage companies with high growth potential. Idinvest's private debt group seeks to provide senior or subordinated debt to small and mid-sized companies pursuing growth objectives. Idinvest's dedicated portfolio/funds group looks to invest in private equity funds, acquire secondary fund positions, and directly co-invest alongside other private equity firms in established companies. Idinvest Partners was formed in 1997 and is based in Paris.

DEAL STATS #
Overall 32 of 38
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 14 of 18
Country (France) 21 of 24
Year (2017) 4 of 5
Size (of disclosed) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-30 eRepublik Labs

Bucharest, Romania

eRepublik Labs Ltd. develops and publishes the game 'eRepublik.com', a browser based free-to-play strategy game launched in 2008. The Group also develops and publishes the games 'Age of Lords' (launched in 2015) which is a mobile game in the MMORPG-genre and 'World at War: WW2 Strategy MMO', a mobile strategy game which has experienced strong growth since its launch in October 2016.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-04 OneAccess Networks SA

Clamart, France

OneAccess Networks SA is a provider of physical and virtual network functions enabling Cloud and other managed services to SMB and enterprise customers around the world. OneAccess Networks was founded in 2001 and is based in Clamart, France.

Sell -
Mergr

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