Bain Capital-backed Fintyre sells two businesses

Undisclosed investors acquired the companies.

The firm acquired Fintyre in 2017 from BlueGem Capital Partners, with GSO Capital Partners providing an undisclosed debt package, while HSBC provided a revolving credit facility.

Fintyre filed for insolvency for many of its Germany-based subsidiaries in February 2020 due to indebtedness. Miguel Grosser, a lawyer at Jaffé Rechtsanwälte, was appointed as the provisional insolvency administrator in all proceedings.

Tyre manufacturer Bridgestone agreed to take over all 42 locations of Reiff Reifen und Autotechnik, which employs 554 people, on 4 May. The company is in talks to sell several other subsidiaries.

Company
Duro Tire Service operates two branches in Germany, in Kempen and in Viersen, where it sells and assembles tyres, and provides maintenance services such as oil change, inspection, wheel alignment, and changing spare parts. In addition to end consumers, Duro Reifenservice's customers also include numerous companies from the Rhineland. The company employs 17 people.

Reifen24 specialises in online wholesale and retail of car and motorcycle tyres and rims through the company's domains www.reifen24.de, www.pneu24.de and www.motorradreifenguenstig.de. It has four employees at its headquarters in Saalfeld.

Advisers
Vendor – PwC (M&A).

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• Topics
• Portfolio management
• DACH
• Consumer
• Bain Capital
• PwC
• Germany