M&A Deal Summary

Lookers Acquires FPS Distribution

On August 12, 2004, Lookers acquired distribution company FPS Distribution from AAC Capital UK for 30M GBP

Acquisition Highlights
  • This is Lookers’ 1st transaction in the Distribution sector.
  • This is Lookers’ 0th largest (disclosed) transaction.
  • This is Lookers’ 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2004-08-12
Target FPS Distribution
Sector Distribution
Buyer(s) Lookers
Sellers(s) AAC Capital UK
Deal Type Add-on Acquisition
Deal Value 30M GBP

Target

FPS Distribution

Stratford-upon-Avon, United Kingdom
FPS is a ‘super wholesaler’ for the auto parts industry, supplying motor factors (i.e. local distributors) from its very deep stock range on short delivery timescales, to meet urgent delivery requirements.

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Buyer(S) 1

Buyer

Lookers

Altrincham, United Kingdom
Category Company
Founded 1908
Sector Automotive
Employees6,562
Revenue 4.3B GBP (2022)
DESCRIPTION

Lookers is a car dealership chain in the United Kingdom with over 90 dealerships turning over in excess of £1bn annually. Lookers was founded in 1908 and is based in Altrincham, United Kingdom.

DEAL STATS #
Overall 1 of 6
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 1 of 6
Country (United Kingdom) 1 of 6
Year (2004) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-01 Dutton Forshaw Motor

Manchester, United Kingdom

Dutton Forshaw serves as a large dealer group offering new and used vehicles from major manufacturers. The company offers to source dealers by franchise or location.

Buy -

Seller(S) 1

SELLER

AAC Capital UK

London, United Kingdom
Category Private Equity Firm
Founded 2011
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

AAC Capital UK is a mid-market Private equity buyout firm focuses on the niche companies in the Industrial, Business Services and Consumer sectors. AAC Capital UK formerly known as the UK team of ABN AMRO Capital. The firm looks to invest in profitable, cash-generative companies whose principal operations are in the UK. AAC Capital UK LLP is a private equity arm of AAC Capital partners. AAC Capital UK was formed in 2011 and is based in UK.

DEAL STATS #
Overall 1 of 21
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 1 of 12
Country (United Kingdom) 1 of 19
Year (2004) 1 of 4
Size (of disclosed) 14 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-02-01 New Price Retail Pty

Bayswater, Australia

New Price Retail(formerly New Clicks Australia) operates award-winning homewares retailer House, specialty salon haircare retailer Price Attack, Australia's fastest growing health, beauty and lifestyle retailer Priceline, and the new combination of retail and pharmacy Priceline Pharmacy. The company has developed specialist retail skills in a shared services structure that enables it to provide efficient supply chain management, marketing, buying, finance, administration and centralised distribution, in company, joint venture and franchise environments.

Buy AU$107M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-09-06 New Price Retail Pty

Bayswater, Australia

New Price Retail(formerly New Clicks Australia) operates award-winning homewares retailer House, specialty salon haircare retailer Price Attack, Australia's fastest growing health, beauty and lifestyle retailer Priceline, and the new combination of retail and pharmacy Priceline Pharmacy. The company has developed specialist retail skills in a shared services structure that enables it to provide efficient supply chain management, marketing, buying, finance, administration and centralised distribution, in company, joint venture and franchise environments.

Sell AU$112M
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