Tag Archives: acquisition

Volvo acquire 100% of Polestar

Premium carmaker Volvo has acquired 100 per cent of Polestar, the Swedish high performance car company, including the Polestar brand. Polestar will now be used as the model name for special high performance Volvos. Polestar will also in future utilise Volvo’s twin engine electrification technology to develop next generation performance cars. Volvo is the largest manufacturer of plug in hybrid […]

ABRA Auto Body acquire KAB

ABRA Auto Body & Glass, a leading damaged vehicle repair company in the US, closed today on the agreement announced last month to acquire all 23 Kadel’s Auto Body locations in Idaho, Oregon and Washington. Terms of the acquisition were not disclosed. Nomura arranged financing for the transaction. Harris Williams & Co. served as the exclusive financial advisor to Kadel’s. […]

Enterprise acquires City Car Club

Enterprise Rent-A-Car has announced the acquisition of independent car sharing company, City Car Club. The purchase reinforces Enterprise’s capabilities as one of the UK’s leading providers of mobility solutions to individuals and businesses that require a vehicle for an hour, a day or for longer periods. Already one of the UK’s largest ‘car sharing’ providers to the public sector under […]

Carlyle to acquire Nationwide for £43.2m

Carlyle Group has reached an agreed deal to acquire Nationwide Accident Repair Services for £43.2 million. In a separate statement on the London Stock Exchange on Wednesday, Nationwide said it has completed the acquisition of Seward Accident Repair Services for £3.8 million in cash. Carlyle, which will acquire Nationwide through the Canaveral Bidco Ltd vehicle, said it would pay 100 […]

Nationwide acquires Seward group

Nationwide has announced that it has completed the acquisition of Seward Accident Repair Centres Ltd. The total net cash consideration is £3.8m and will be funded from the group’s own cash and banking resources. Seward is the tenth largest independent bodyshop chain in the UK and operates from a head office in Hampshire with eight bodyshops, together with mobile vehicle […]

Innovation wins European motor contract

The Innovation Group has announced that it has secured a new client win with a tier one European motor brand. This contract is the first of a number of expected software contracts over the coming quarter. It commences with immediate effect, and is valued at £3.6m with £2.5m being recognised over the next 12 months. The contract was agreed following […]

esure completes Gocompare acquisition

esure has announced that the acquisition of Gocompare is now complete. Further to the announcement on 8 December 2014 that esure Group had conditionally agreed to acquire the outstanding 50% of GoCompare.com Holdings Ltd for a consideration of £95 million, and the subsequent announcement on 23 February 2015 that the transaction had received Competition and Markets Authority (CMA) clearance, the […]

Quindell confirms Slater and Gordon sale

Quindell has today entered into a conditional sale and purchase agreement to dispose of the Professional Services Division to Slater and Gordon Ltd for an initial cash consideration of £637 million. Quindell has announced that it has today entered into a conditional sale and purchase agreement to dispose of the Professional Services Division to Slater and Gordon Limited for an […]

Karl Vella acquires fifth bodyshop

Accident repair company The Karl Vella Group, based in Lancashire, has announced the acquisition of its fifth bodyshop. The bodyshop, in Workington, Cumbria, had previously been trading as Millican Motors Ltd and had entered voluntary liquidation at the end of January 2015. The Karl Vella Group has acquired all the equipment and vehicles, and have entered into a new long […]

Markerstudy eyes up Chaucer deal

Post Online has reported that Markerstudy is in pole position to tie-up a deal for Chaucer’s UK motor business after a $300m (£203m) bid backed by private equity house Apollo stalled. It is believed hopes are fading that the Apollo deal, which is being fronted by former Giles CEO and latterly Arthur J Gallagher retail CEO Brendan McManus, will make […]

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