M&A Deal Summary

Sumitomo Rubber Industries Acquires Micheldever Tyre Services

On January 5, 2017, Sumitomo Rubber Industries acquired retailer Micheldever Tyre Services from Graphite Capital

Acquisition Highlights
  • This is Sumitomo Rubber Industries’ 1st transaction in the Retail sector.
  • This is Sumitomo Rubber Industries’ 3rd transaction in the United Kingdom.

M&A Deal Summary

Date 2017-01-05
Target Micheldever Tyre Services
Sector Retail
Buyer(s) Sumitomo Rubber Industries
Sellers(s) Graphite Capital
Deal Type Add-on Acquisition

Target

Micheldever Tyre Services

Hampshire, United Kingdom
Micheldever Tyre Services Ltd. is a distributor of tyres to independent retailers in the UK, offering tyre brands and a number of mid-range and budget brands. The company also operates tyre service centres.

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Buyer(S) 1

Buyer

Sumitomo Rubber Industries

Kobe, Japan

Category Company
Founded 1909
Sector Automotive
Employees37,995
Revenue 1.21T JPY (2024)
DESCRIPTION

Sumitomo Rubber Industries is a modern rubber factory that engages in the production of bicycle tires and tubes and solid rickshaw tires. The company operates through three segments: Tires, Sports, and Industrial and Other Products. Sumitomo Rubber Industries was founded in 1909 and is based in Kobe, Japan.


DEAL STATS #
Overall 5 of 5
Sector: Retail M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
Country: United Kingdom M&A 3 of 3
Year: 2017 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-05 Micheldever Group

Hampshire, United Kingdom

Micheldever Group is the largest independent wholesaler, distributor and retailer of tyres in the UK. Selling six million tyres nationwide. Micheldever Group has two main business units, RETAIL: The Protyre retail chain, currently with 99 outlets including Protyre Motorsport, continues to gain geographic coverage in the UK. WHOLESALE & DISTRIBUTION: Micheldever Tyre Services (MTS) has established a wholesale distribution network of 15 sites around the UK supplying over 6,000 retailers nationwide. This activity has resulted in significant profitable growth for the company.

Buy £215M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-01 Lonstroff

Hallwil, Switzerland

Lonstroff is a manufacturer/seller of medical packaging materials and medical rubber parts, primarily selling to major European pharmaceutical companies. Lonstroff was founded in 1908 and is based in Hallwil, Switzerland.

Sell -

Seller(S) 1

SELLER

Graphite Capital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 1.2B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Graphite Capital is a private equity firm that seeks mid-market investments in the UK. Target sectors include retail and consumer, manufacturing, services and distribution, financial services, healthcare, leisure, and property. The Firm looks for transactions valued from £30 to £150 million. Prospective transaction situations typically include management buyouts/buy-ins of corporate spin-offs or privately held companies. The Firm also considers roll-outs and consolidation strategies. Graphite Capital was originally formed in 1981 and became independent in 2001. Graphite is based in London.


DEAL STATS #
Overall 57 of 70
Sector: Retail M&A 5 of 5
Type: Add-on Acquisition M&A Deals 9 of 16
Country: United Kingdom M&A 55 of 67
Year: 2017 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-05 Micheldever Group

Hampshire, United Kingdom

Micheldever Group is the largest independent wholesaler, distributor and retailer of tyres in the UK. Selling six million tyres nationwide. Micheldever Group has two main business units, RETAIL: The Protyre retail chain, currently with 99 outlets including Protyre Motorsport, continues to gain geographic coverage in the UK. WHOLESALE & DISTRIBUTION: Micheldever Tyre Services (MTS) has established a wholesale distribution network of 15 sites around the UK supplying over 6,000 retailers nationwide. This activity has resulted in significant profitable growth for the company.

Sell £215M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-21 Random42

London, United Kingdom

Random42 is a scientific communication studio specializing in medical animation and education, virtual reality, augmented and mixed reality, interactive and visually engaging solutions for global pharmaceutical and biotechnology companies. Random42 was founded in 1992 and is based in London, United Kingdom.

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