Seb Elbertsen
OXEYE MONTHIS
AutoBinck Group N.V.
Deal Type
Company sale
Sector
Business Services
Completion Date
5th March 2019
Deal Value
Not disclosed
Company Background
AutoBinck is built upon more than a century of experience in the automotive industry, having started in 1907 by selling Mercedes cars from an ‘Auto-Palace’ showroom in The Hague. Today the company is a leader in vehicle distribution, car retail, vehicle leasing, fleet management and related financial and mobility services and the distribution and sales of parts and accessories. Many of these activities operate from property owned by the in-house real estate division of the company. New forms of mobility, including charging infrastructure for electric cars, represent a significant area of investment for AutoBinck.
AutoBinck has grown into one of the key players on the European mobility market, with a variety of mobility companies and a turnover of €1.3 billion in 2017. AutoBinck operates in 8 European countries and has 2,700 staff members.
Deal Summary
OXEYE Advisors advised AutoBinck Group on the sale of PartsPoint Group, a leading Benelux distributor of automotive aftermarket parts, to Alliance Automotive Group, the European automotive distribution business of NYSE listed Genuine Parts Company. Mission accomplished: a new and supportive owner with perfect strategic fit for PartsPoint and attractive sale proceeds for AutoBinck.
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