P+P advises the management of truck parts dealer EUROPART on sale to Alpha Private Equity
The investor Alpha Private Equity acquired German EUROPART Holding GmbH by means of a tender. Sellers were funds of the investment companies Triton (Fund II) and Paragon (Fund I). P+P advised EUROPART's management as part of the transaction.
EUROPART, headquartered in Hagen-Haspe, is a wholesaler of spare parts and accessories for commercial vehicles, buses and special-purpose vehicles of all classes in Europe. The company's customers are automobile workshops, transport companies and fleet operators.
The company currently employs approximately 1,500 people and has an international network with more than 300 sales outlets in 28 countries. Triton and Paragon took over EUROPART in 2011 by way of a buyout from the owner family.
The transaction is still subject to the approval of the relevant antitrust authorities.
Munich-based partner Benedikt Hohaus (M&A/private equity, management participation) advised EUROPART's management within the scope of the transaction.