VR Equitypartner acquires APZ Auto-Pflege-Zentrum

The company will use the funding to target new markets, primarily in the automotive paint work segment, and to further expand in Austria.

APZ managing directors Peter Hirner and Peter Klingenmeier will acquire the remaining shares.

Company
Founded in 2011 and headquartered in Darmstadt, APZ is an automotive repair and inspection service. It has 300 customers comprising car dealers, manufacturer-owned branches and original equipment manufacturers, in Germany, Austria and Luxembourg.

The company posted a turnover of around €50m and employs a staff of 110 employees. Along with its partner centres in Austria and Luxembourg, it employs a staff of around 1,300.

People
VR Equitypartner – Jan Drees (investment director); Christian Futterlieb (managing director).
APZ Auto-Pflege-Zentrum – Peter Klingenmeier, Peter Hirner (managing directors).
TÜV SÜD – Patrick Fruth (head of auto service division). 

Advisers
Equity – KPMG (tax); Bluemont Consulting (commercial due diligence); Network Corporate Finance (corporate finance); Herrington & Sutcliffe (legal); Taylor Wessing (legal); Marsh (insurance due diligence).

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