• Halfords announces Axle Group acquisition

    • 9 December 2021
    • Posted by: Alan Feldberg
    • Category: News
    Halfords will purchase Axle Group Holdings on a cash free, debt free basis, to become the UK’s largest vehicle service, maintenance and repair business The deal is worth £62m with a further investment of £17m post acquisition on associated capital expenditure and £2m on integration costs The acquisition [...]
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  • Allianz acquires majority stake in GT Motive

    • 17 September 2021
    • Posted by: Danielle Bagnall
    • Category: News
    Allianz X (Allianz Group) has acquired a majority stake in GT Motive from current shareholders Mitchell and Einsa The move aims to support the global expansion of GT Motive and accelerate the company’s ambition to become an international leader in vehicle data and claims automation for the automotive repair [...]
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  • Axalta to acquire U-POL

    • 8 July 2021
    • Posted by: Alan Feldberg
    • Category: News
    Axalta will acquire U-POL from Graphite Capital Management and other holders for £428m The acquisition is expected to finalise in the second half of the year and result in operating synergies and efficiencies of more than £7m within 18 to 24 months Further efficiencies are expected in the longer term as Axalta [...]
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  • Six of the best for RHCV

    • 2 June 2021
    • Posted by: Alan Feldberg
    • Category: News
    RH Commercial Vehicles has acquired WTL Truck & Van Centre in Peterborough, meaning it now has six sites across the East Midlands WTL Truck & Van Centres has a 10,000 sqft modern building facility on a one-acre site with six service bays, an MOT prep and testing centre, and two service vans for additional [...]
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  • Solera continues expansion strategy

    • 19 May 2021
    • Posted by: Alan Feldberg
    • Category: News
    Solera has announced that it will acquire Omnitracs, a complete fleet management platform, and DealerSocket, a leading SaaS provider to the automotive industry CEO Darko Dejanovic said: “These highly strategic acquisitions will enable us to expand into adjacent verticals and capitalise on emerging trends in our [...]
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  • TrustFord enhances London footprint

    • 14 May 2021
    • Posted by: Alan Feldberg
    • Category: News
    TrustFord has acquired a Ford dealership from Cambria Automobiles plc in Wimbledon The group has also taken over the Ford franchise for new car and commercial vehicle customers in the Croydon area The newly-acquired site has been rebranded as TrustFord and is now fully-operational under new ownership, with a [...]
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  • SCP acquires Alloy wheel repair specialists

    • 17 November 2015
    • Posted by: Simon Wait
    • Category: News
    Soundcore Capital Partners, a control-oriented, New York-based private equity firm that invests in lower middle market businesses, today announced that it has completed the acquisition of Alloy Wheel Repair Specialists, the world's largest full-service alloy wheel repair and replacement company This marks the [...]
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  • Solera sale to move forward

    • 13 October 2015
    • Posted by: Simon Wait
    • Category: News
    Solera has said that regulators have given early clearance for the insurance software provider to be taken over by private-equity firm Vista Equity Partners The companies announced the agreement in September, saying it was valued at $65 billion, including net debt The closing of the deal is still pending a vote of [...]
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  • AXA acquire Global Insurance Management

    • 15 September 2015
    • Posted by: Simon Wait
    • Category: News
    Multinational insurance firm AXA has acquired Coventry based insurance expertise provider Global Insurance Management AXA has previously underwritten the risk for Global Insurance Management, however this acquisition will mean an entire takeover of the company AXA Assistance Europe regional chief executive, [...]
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  • Mitsui Sumitomo to buy Amlin for £3.7m

    • 9 September 2015
    • Posted by: Simon Wait
    • Category: News
    Japanense firm Mitsui Sumitomo Insurance Co has agreed to buy UK insurance company Amlin PLC for £347 billion ($53 billion), in the latest consolidation of the global insurance market The companies said Amlin shareholders would receive 670 pence a share in cash, a 36% premium over its closing price Monday, as [...]
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