M&A Deal Summary

Vertu Motors Acquires Lookers - Honda Depots

On January 25, 2016, Vertu Motors acquired retailer Lookers - Honda Depots from Lookers for 2M GBP

Acquisition Highlights
  • This is Vertu Motors’ 3rd transaction in the Retail sector.
  • This is Vertu Motors’ 6th largest (disclosed) transaction.
  • This is Vertu Motors’ 5th transaction in the United Kingdom.

M&A Deal Summary
Date 2016-01-25
Target Lookers - Honda Depots
Sector Retail
Buyer(s) Vertu Motors
Sellers(s) Lookers
Deal Type Divestiture
Deal Value 2M GBP

Target

Lookers - Honda Depots

United Kingdom
Lookers - Honda Depots in Nottingham, Derby and Stockton-On-Tees consists of three honda dealerships which engage in the sales of new and used cars.

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Buyer(S) 1

Buyer

Vertu Motors

Gateshead, United Kingdom
Category Company
Founded 2006
Sector Retail
Employees7,610
Revenue 4.7B GBP (2024)
DESCRIPTION

Vertu Motors is an automotive retail business. Vertu Motors was founded in 2006 and is based in Gateshead, England.

DEAL STATS #
Overall 5 of 11
Sector (Retail) 3 of 6
Type (Divestiture) 1 of 3
Country (United Kingdom) 5 of 11
Year (2016) 1 of 4
Size (of disclosed) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-01 Who’s Ace Holdings

Sittingbourne, United Kingdom

Who’s Ace Holdings Ltd. operates a well-established on-line vehicle parts business headquartered in Sittingbourne, Kent. The AceParts business has built a successful presence in the non-franchised, on-line, automotive parts marketplace. AceParts has built considerable know-how in this market, where managing data relating to the fitment of parts to specific vehicles is a critical component of a successful business model.

Buy £2M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-01 Greenoaks

Bracknell, United Kingdom

Greenoaks operates the Mercedes-Benz outlets in Reading, Ascot and Slough, with the Reading and Ascot outlets also representing the smart franchise and Ascot being an AMG performance centre. Greenoaks has represented Mercedes-Benz for over 30 years.

Buy £22M

Seller(S) 1

SELLER

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 1
Sector (Retail) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-10 Lookers Colborne

Guildford, United Kingdom

Lookers Colborne Ltd. is a dealer for new and preowned cars and vans.

Buy -
Mergr

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