H2 makes 6x on Sator sale
H2 Equity Partners has reaped a 6x multiple on the trade sale of Dutch portfolio company Sator Holding to LKQ for £176m.
The deal was announced at the end of April. H2 Equity Partners had acquired Sator Holding in July 2009 via its Fund III - the company's EBITDA has doubled since then to settle at €26.5m, according to the GP.
Established in 2005, Sator has more than 800 employees and distributes from 11 warehouse locations in the Netherlands, Belgium and northern France. It has a combined floor space of 65,000 m2 and holds stock worth in excess of €80m at retail prices.
Sator generated sales of £288m in 2012.
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