CVC Capital Partners to acquire Autobar
CVC Capital Partners has agreed to acquire a majority stake in UK vending machines specialist Autobar Group from Charterhouse Capital Partners, in a deal valued at €1.2bn.
Charterhouse, which is said to have doubled its original invetsment, retains a minority stake in the buiness along with management and employees. BNP Paribas, HSBC, Nomura and ING provided a debt package reported to be worth €650m to finance the acquisition.
Charterhouse acquired Autobar in 2004, in a transaction valued at around €800m. The Brentford-based company is a food and drink vending machine operator that also makes plastic cups, plates and cutlery. The business has sales spanning 11 countries, but primarily conducts its business within the UK, France and the Netherlands. It posted a €569m turnover for 2009.
The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.
If you have any information regarding this transaction, please contact Grégoire Gille on +44 20 7484 9824 or gregoire.gille@incisivemedia.com
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