Doughty Hanson hands ATU to KKR
According to reports, Doughty Hanson has sold its 18.5 percent stake in car servicing chain Auto-Teile Unger to KKR, which holds the majority.
Doughty Hanson acquired the company in July 2002, and sold the company to KKR in 2004, but re-took a stake and participated in in an equity injection of EUR 140m when the company ran into difficulties.
Founded in 1985 and headquartered in Weiden in Oberfalz, ATU is a car parts stockist and auto repair chain.
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