AR4 AURELIUS Equity Opportunities SE & Co. KGaA

DGAP-News: AURELIUS acquires AutoRestore Limited from Belron International

DGAP-News: AURELIUS Equity Opportunities SE & Co. KGaA / Key word(s): Takeover
AURELIUS acquires AutoRestore Limited from Belron International

01.04.2021 / 08:30
The issuer is solely responsible for the content of this announcement.


AURELIUS acquires AutoRestore Limited from Belron International

- Acquisition of the UK's leading provider of mobile accident body repair services, AutoRestore marks another significant corporate carve-out opportunity for AURELIUS

- AutoRestore will complement Rivus Fleet Solutions, the leading UK provider of light commercial vehicle management to blue chip companies nationwide

- AutoRestore is AURELIUS' fourth corporate carve-out announced in the last month, underscoring its leadership in the execution of corporate divestment processes and operationally supporting portfolio companies' buy-and-build strategies

Munich/London, April 1, 2021 - AURELIUS Equity Opportunities SE & Co. KGaA (ISIN: DE000A0JK2A8) ("AURELIUS") today announces the acquisition of AutoRestore Limited ("AutoRestore") from Belron International Limited ("Belron"). AutoRestore, the UK's leading provider of mobile accident repair services, will complement AURELIUS portfolio companies Rivus Fleet Solutions ("Rivus") and Pullman Fleet Services ("Pullman") which have offerings for commercial fleets focussing on light commercial vehicles ("LCV") and heavy goods vehicles ("HGV"), respectively.

Headquartered in Rushden, Northamptonshire, AutoRestore which traded as Autoglass(R) BodyRepair under Belron(R),is the UK's leading provider of mobile body repair services nationwide. Established as a division of Belron in 2010, AutoRestore currently operates a fleet of over 130 mobile repair vans, providing over 30,000 repairs a year to B2B customers, including insurance and fleet management companies, as well as growing its B2C offering.

Currently providing same-day mobile accident body repair services through a virtual garage network, AutoRestore will benefit from operating alongside Rivus, which boasts 55 locations, supported by 800 employees and mobile technicians servicing commercial fleets with a focus on LCVs. In addition, AutoRestore's customers are expected to benefit from accessing Pullman's full suite of services for HGV and LCV fleet management outsourcing, repair and maintenance from 25 service centres with over 70 mobile service vehicles and more than 430 employees.

Rivus, Pullman and AutoRestore together solidify market leadership in fleet management and accident repair developed by AURELUS since its first acquisition in the sector in a complex corporate carve-out from BT Group in 2019. Across the UK, blue chip customers in retail, logistics, industrial and service sectors, and B2C customers depend on AURELIUS portfolio companies for cost-effective support services to keep driving their businesses and the economy forward.

AURELIUS plans the deployment of in-house operational expertise to execute the corporate carve-out and support its portfolio companies' integration in order to maximise the commercial potential of the combined entity and expanding service offer.

Commenting on today's announcement Matthias Täubl, CEO of AURELIUS Equity Opportunities SE & Co. KGaA, said:
"The acquisition of AutoRestore is the latest in a series of corporate carve-outs AURELIUS have executed in recent months, following HÜPPE GmbH and the co-investment in Panasonic's European Consumer Battery Business Units as well as Bring Frigo. It demonstrates our continued ability to identify new growth potential in businesses which complement our existing portfolio, in this case significantly expanding and enhancing the full suite of fleet management services AURELIUS provides in the UK."

Tristan Nagler, Managing Director of AURELIUS in the UK, said:
"The acquisition of AutoRestore will further strengthen AURELIUS' fleet management offering in the UK and is another demonstration of AURELIUS' buy-and-build approach. The partnership between AutoRestore, Rivus and Pullman presents strong growth potential for the businesses. Our operational experts will ensure a smooth transition of ownership for AutoRestore and drive partnership with our existing platform, bolstering an already compelling offering we have established in the sector."



ABOUT AURELIUS
AURELIUS Group is a pan-European investment group with offices in Munich, London, Stockholm, Madrid and Amsterdam. Since it was founded in 2006, AURELIUS has grown from a local turnaround investor to an international multi-asset manager.

AURELIUS Equity Opportunities SE & Co. KGaA (ISIN: DE000A0JK2A8, ticker symbol: AR4) is the listed entity within AURELIUS Group and focuses on investing in mid-market corporate carve-outs and platform build-ups in a broad range of industries. With a team of approximately 100 in-house operations experts, AURELIUS actively supports its portfolio companies in their long-term development. AURELIUS Equity Opportunities currently has 27 portfolio companies located across Europe which employ around 12,500 people and generate annual revenues of approx. EUR 3.4 billion. The shares of AURELIUS Equity Opportunities are traded on all German stock exchanges.

AURELIUS Group also operates in the areas of growth capital, real estate opportunities and debt. AURELIUS Growth Investments invests in leveraged buyouts usually in succession or corporate spin-off situations. AURELIUS Real Estate Opportunities focuses on real estate investments, the value of which can be increased in the long-term by means of active management. AURELIUS Finance Company is an alternative direct lender, focused on providing flexible debt solutions to small and mid-market firms across Europe.

With its group charity AURELIUS Refugee Initiative e.V., AURELIUS provides comprehensive support for refugees on their way towards a better life.

To find out more, visit .

ABOUT BELRON
Belron(R) is the world's largest dedicated vehicle glass repair and replacement company. Belron(R) is home to 26,300 employees, all working together to bring the Belron(R) story to life. The Belron(R) operations span over 30 countries and five continents.

ABOUT AUTORESTORE
AutoRestore Ltd delivers exceptional workmanship through a convenient mobile service. With over 150 mobile rigs located across the UK, our technicians bring the bodyshop to drivers - at home, at work or wherever they are located. Repairs are carried out at the driver's convenience, saving them hassle and eliminating the travel time to and from a traditional bodyshop.

CONTACT
AURELIUS Group
Anke Banaschewski
Investor Relations & Corporate Communications
Phone: +49 (89) 544799 - 0
Fax: +49 (89) 544799 - 55
E-mail:

Hawthorn Advisors
Henry Lerwill
Phone: +44 (0) 7894 608 607
E-mail:


 


01.04.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: AURELIUS Equity Opportunities SE & Co. KGaA
Ludwig-Ganghofer-Straße 6
82031 Grünwald
Germany
Phone: +49 (0)89 544 799-0
Fax: +49 (0)89 544 799-55
E-mail:
Internet:
ISIN: DE000A0JK2A8
WKN: A0JK2A
Listed: Regulated Unofficial Market in Berlin, Frankfurt, Hamburg, Munich (m:access), Stuttgart, Tradegate Exchange
EQS News ID: 1180396

 
End of News DGAP News Service

1180396  01.04.2021 

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01/04/2021

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