B2B tyres and automotive accessories distributor Gundlach Automotive, a portfolio company of Gilde Buy Out Partners, has sold its B2C tyres e-commerce business Goodwheel to TS Rochen, effective as of 1 July 2020.
PE-backed IPOs have been scarce in France in the past five years, according to Unquote Data
GP is acquiring a 51.8% stake in the company, alongside its management, according to Finansavisen
With this sale, Eurazeo reaps a 1.5x return on its initial investment, made in 2017 alongside Goldman Sachs
Priveq exits the company four years after acquiring a 40% stake