M&A Deal Summary

LKQ Acquires Rhiag Group

On December 22, 2015, LKQ acquired distribution company Rhiag Group from Apax for 1.0B EUR

Acquisition Highlights
  • This is LKQ’s 18th transaction in the Distribution sector.
  • This is LKQ’s largest (disclosed) transaction.
  • This is LKQ’s 1st transaction in Switzerland.

M&A Deal Summary

Date 2015-12-22
Target Rhiag Group
Sector Distribution
Buyer(s) LKQ
Sellers(s) Apax
Deal Type Add-on Acquisition
Deal Value 1.0B EUR
Advisor(s) UBS Investment Bank (Financial)

Target

Rhiag Group

Baar, Switzerland
Rhiag Group Ltd. is the distributor of branded automotive spare parts in the independent Italian aftermarket and one of the largest players across Eastern Europe where it operates through a network of subsidiaries.

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Buyer(S) 1

Buyer

LKQ

Chicago, Illinois, United States

Category Company
Founded 1998
Sector Automotive
Employees49,000
Revenue 12.8B USD (2022)
DESCRIPTION

LKQ is a provider of alternative collision replacement parts and also a provider of recycled engines and transmissions and remanufactured engines, all in connection with the repair of automobiles and other vehicles. LKQ was founded in 1998 and is based in Chicago, Illinois.


DEAL STATS #
Overall 37 of 45
Sector (Distribution) 18 of 20
Type (Add-on Acquisition) 34 of 40
Country (Switzerland) 1 of 1
Year (2015) 4 of 4
Size (of disclosed) 1 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-20 The Coast Distribution System

Morgan Hill, California, United States

The Coast Distribution System, Inc. is a wholesale aftermarket suppliers of replacement parts, supplies and accessories for the recreational vehicle (RV) and outdoor recreation markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-29 Pittsburgh Glass Works

Pittsburgh, Pennsylvania, United States

Pittsburgh Glass Works LLC is a designer, producer and distributor of automotive glass to high-volume Auto-OEM applications and glass replacement markets worldwide. PGW’s business comprises engineering development and application of sophisticated automotive glass technologies; glass manufacturing and assembly operations in North America, Europe and Asia wholesale and retail aftermarket distribution services; and retailer alliance partnerships in North America.

Buy $635M

Seller(S) 1

SELLER

Apax

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 77.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apax Partners is a mega-sized private equity investment group, operating across the United States, Europe, Israel and Asia. Broad industry sectors of interest include tech & telecom, media, retail & consumer, healthcare, financial services, and business services. Apax will consider both minority and majority investment positions and prefers companies with strong market positions and growth potential. The Firm generally pursues platform acquisitions valued from $1 to $5 billion. Apax Partners was formed in 1981 and is based in London.


DEAL STATS #
Overall 109 of 172
Sector (Distribution) 2 of 4
Type (Add-on Acquisition) 43 of 60
Country (Switzerland) 3 of 4
Year (2015) 9 of 9
Size (of disclosed) 20 of 51
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-17 Signavio

Berlin, Germany

Signavio is a provider of SaaS-based business process and decision management technology services. Signavio offers a web-based solution for modeling, analyzing, and optimizing business processes and decisions. Signavio was founded in 2009 and is based in Berlin, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-13 Ascential

London, United Kingdom

Ascential is an international business-to-business media company with a focused portfolio of events and information services products. In Exhibitions & Festivals, It organized a large scale exhibition, congresses, and festivals where customers come together to form business relationships and transact. Ascential was founded in 2016 and is headquartered in London, United Kingdom.

Sell -