IFLR1000

LKQ Corporation €1.04 billion acquisition of Rhiag-Inter Auto Parts Italia

4/1/2016
Private acquisition
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€ 1.04 billion

$ 1.164 billion

Completed

4/1/2016

Overview:

  • Nasdaq listed LKQ Corporation has acquired Rhiag-Inter Auto Parts Italia (Rhiag) for €1.04 billion from funds managed by Apax Partners.
  • Rhiag is a European aftermarket auto spares distributor with operations in Italy, the Czech Republic, Switzerland, Hungary, Romania, Ukraine, Bulgaria, Slovakia, and Poland.
  • Bank of America Merrill Lynch acted as financial advisor to the board of directors of LKQ Corporation.

Sam Duke - Editor

Jurisdictions:

Italy
Switzerland
United Kingdom

Deal type:

Private acquisition

Practice areas:

Private equity
M&A

Industry sector:

Automotive

Firms:
Cleary Gottlieb Steen & Hamilton

Party: Bank of America Merrill Lynch (Financial adviser)

Lawyer: Paul Shim

K&L Gates

Party: LKQ Corporation (Acquirer)

Lawyer: Pasquale Marini

Legance

Party: Apax Partners (Seller)

Lawyers: Filippo Troisi, Piero Venturini

Simpson Thacher & Bartlett

Party: Apax Partners (Seller)

Lawyers: Derek Baird, Kate Sinclair, Nicholas Shaw

VISCHER

Party: LKQ Corporation (Acquirer)

Lawyer: Robert Bernet

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