M&A Deal Summary

Snows Acquires City Motor Holdings

On September 1, 2016, Snows acquired business services company City Motor Holdings from Rcapital

Acquisition Highlights
  • This is Snows’ 1st transaction in the Business Services sector.
  • This is Snows’ 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2016-09-01
Target City Motor Holdings
Sector Business Services
Buyer(s) Snows
Sellers(s) Rcapital
Deal Type Add-on Acquisition

Target

City Motor Holdings

Hampshire, United Kingdom
City Motor Holdings operate dealerships for a number of vehicle manufacturers, including Ford, Peugeot, Citroen, Suzuki, Kia, Honda, Seat, and Skoda, in addition to operating the PX Centre in Basingstoke, which specializes in the sale of used cars. City Motor Holdings is based in Hampshire, United Kingdom.

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Buyer(S) 1

Buyer

Snows

Hampshire, United Kingdom

Category Company
Sector Automotive
DESCRIPTION

Snows operates a network of 47 franchised dealerships and 5 standalone Approved Servicing Centres, Snows consists of four Abarth & Fiat franchises: Isle of Wight, Portsmouth, Sarisbury Green & Southampton, one Alfa Romeo dealership located in Southampton at our FCA Brand Centre, two BMW franchises: Portsmouth & Isle of Wight, three Citroën aftersales locations in Basingstoke, Chichester* & Newbury*, one CUPRA Specialist dealership in Portsmouth, one Jeep franchise based in Southampton, three Kia franchises in Basingstoke, Guildford & Newbury, three Lexus franchises in Exeter, Hedge End & Plymouth, Mazda in Chichester & Portsmouth. Snows Motor is based in Hampshire, United Kingdom.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2016 M&A 1 of 1

Seller(S) 1

SELLER

Rcapital

Mayfair, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

RCapital is a specialist private investment firm that targets turnaround and growth capital investment opportunities in a variety of industries. RCapital will consider companies across the UK and Europe and looks to commit £2 - £20 million in businesses generating sales of £10 - £150 million. RCapital was formed in 2004 and is based in London, England.


DEAL STATS #
Overall 18 of 31
Sector: Business Services M&A 2 of 5
Type: Add-on Acquisition M&A Deals 5 of 11
Country: United Kingdom M&A 18 of 30
Year: 2016 M&A 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-01 Morses Club

Nottingham, United Kingdom

Morses Club provides a wide range of merchandise, on credit, through a network of agents calling door to door. The range of merchandise includes clothing and footwear for all the family, electrical, gifts, home wares, Christmas decorations, and jewellery. The business operates throughout Ireland with a network of 75 full time agents split into 7 regions. There are approx 35,000 customers. The business produces 4 catalogues per annum, Spring/Summer and Autumn/Winter, both of which are augmented by mid season updates. Morses Club was founded in 2009 and is based in Nottingham, England.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-15 Summit Media

East Yorkshire, United Kingdom

Summit is a specialist in online retailing, working with some of Europe’s most successful retailers to transform how they trade online. Summit provides consulting, ecommerce technology, trading and online marketing services. Launched in 2000, the company has grown to over 160 employees, Located in East Yorkshire United Kingdom.

Sell -