Bain Capital's Autodis Group to acquire Oscaro

Parts Holding Europe, the parent company of Autodis, increased its stake in Oscaro to 82.5% from the 4.95% stake it had acquired earlier this year. 

Bain declined to comment on the transaction. 

Oscaro founders Véronique Campbell and her husband Pierre-Noel Luiggi will sell their stake, though Luiggi will retain a minority stake of 17.5% and keep a seat on the board.

Based in Arcueil, Parts Holding Europe generated a €1.3bn turnover in 2017, according to a statement. The group is a distributor of spare parts for light and heavy vehicles in Western Europe, with activities in France, Belgium, the Netherlands, Luxembourg and Italy. The company is active in the B-to-B distribution market for spare parts, particularly with repair professionals via Autodis.

Bain acquired Autodis in 2015. The takeover, thought to have been worth around €615m, was the fourth private-equity-backed buyout seen by Autodis since inception, according to Unquote.

Autodis and its shareholder Bain decided to shelf the company's IPO plans in May this year, as reported by Unquote sister publication Mergermarket.

Company 
Based in Paris and founded in 2001, Oscaro.com generated revenues of €320m in 2017, according to a statement from Autodis.  

People
Parts Holding Europe - Stéphane Antiglio (president). 
Oscaro - Véronique Campbell, Pierre-Noël Luiggi  (founders).

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