INSTITUTIONAL INVESTORS

Genghis Midco / The Parts Alliance (a HGCapital backed company)

Bromsgrove Motor Factors (BMF)

Foot Anstey's dedicated private equity team advised Genghis Midco, an HgCapital backed company, on its acquisition of Worcestershire-based Bromsgrove Motor Factors.

BMF becomes part of the HgCapital owned The Parts Alliance business group. The Parts Alliance is an industry leader in the automotive buying and distribution groups in the UK and Ireland. Consisting of strategically located distributor companies, it specialises in the national and local supply of manufacturer branded products and support services with an annual group turnover of more than £365 million.

The acquisition of BMF came only 11 weeks after The Parts Alliance Ltd itself was acquired by HgCapital, a transaction on which Foot Anstey also advised.

The Parts Alliance’s new Chief Executive Peter Sephton said he was excited to be welcoming new colleagues from BMF to the HgCapital backed The Parts Alliance group ‘family’. He said: “Bromsgrove Motor Factors is a great business with outstanding customer and staff loyalty, providing local service in the Worcestershire area, and adds to our national strength. This deal is an early demonstration of our declared aim to grow quickly, both organically and through the acquisition of successful parts distributor companies, large and small.”

Matt Stoate, head of Foot Anstey's private equity group, led the team which advised on the transaction. Matt commented: "This is a significant new relationship for Foot Anstey for a client accustomed to instructing leading City and international firms.  We were delighted to be involved with this second acquisition in a short space of time and to demonstrate our private equity expertise in the style and manner which the client demanded."

 

Car Parts & Accessories (CPA)

Foot Anstey's dedicated private equity team has advised The Parts Alliance, the leading automotive buying distribution group backed by HgCapital, on its acquisition of associate member Car Parts & Accessories.

With a turnover approaching £12 million, CPA employs 120 people in 12 branches across the South East.  It is the latest acquisition by The Parts Alliance business group, an industry leader in the automotive buying and distribution groups in the UK and Ireland. Consisting of strategically located distributor companies, it specialises in the national and local supply of manufacturer branded products and support services with an annual group turnover of more than £365 million.

The acquisition of CPA is the latest in a string of acquisitions carried out by the HgCapital backed company, with Foot Anstey again advising.

The Parts Alliance’s new Chief Executive Peter Sephton said he was excited to be welcoming new colleagues from CPA to The Parts Alliance group ‘family’. He said: "CPA is a great business with an exceptional commitment to customer service.  We have been working closely with Keith Anderson and his team to bring them into our family of businesses. At The Parts Alliance we invest in our people and it is clear from the dedication and camaraderie of the team at CPA that they will fit straight in."

Matt Stoate, head of Foot Anstey's private equity group, led the team which advised on the transaction. Matt commented: "Another completion for our busy private equity team which saw us delivering the transaction in the style and manner which the client demanded, designed to meet our client's preferred approach as part of its buy-and-build strategy."

 

The Parts Alliance acquisition strategy received recognition by winning "Best UK Automotive Transactions" in the inaugural international M&A awards of the business website Deal Feed International.

We also advised Genghis Midco on its acquisition of The Parts Alliance

 

 

 

 


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