Bain's Autodis bolts on Geevers Auto Parts

Autodis announced its intention to float on Euronext Paris in April. However, the company and its shareholder Bain Capital decided to shelf the IPO plans two weeks ago.

Announcing the cancellation of its IPO plans, Autodis highlighted its goal to accelerate its expansion strategy in western Europe with the support of Bain Capital.

Autodis is a distributor of automotive and heavy-goods-vehicle parts. It serves a network of 4,000 branded and affiliated garages, and 70,000 regular professional customers.

Autodis stated it is aiming to achieve consolidated revenues of more than €1.4bn in 2018, with adjusted EBITDA exceeding €140m. 

Bain entered exclusive negotiations for Autodis in 2015, then owned by TowerBrook Capital Partners and Investcorp.

Company
Founded in 1967 and based in Veldhoven, Geevers operates as a car repair components service, providing advice and repair options.

Geevers operates in the Netherlands, Belgium and Luxembourg. It has achieved an annual turnover growth of more than 10% over the last 10 years, resulting in a turnover of €67m in 2017. The business has a workforce of around 200.

People
Autodis Group – Oliver Roux (president).

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