Finally, it will not be the Stock Exchange. Autodistribution and Oscaro pass from the hands of an investment fund, Bain Capital, to those of a Belgian family holding company, D’Ieteren. A group founded in 1805, under the First Empire, by a coachbuilder from Brussels.

Parts Holding Europe (formerly Autodis Group), the parent company of Autodistribution and Oscaro, has entered into exclusive negotiations with D’Ieteren for an enterprise value of 1.7 billion euros and equity of 540 million . The acquisition will be financed by the liquidities of the Belgian acquirer, indicates the press releases published. It remains subject to the agreement of the competition authorities.

The activities of Parts Holding Europe are divided between six main European countries: France, Belgium, Spain, Italy, Luxembourg and the Netherlands. Oscaro recently opened in Germany. The group achieves 1.9 billion euros in turnover (over twelve months at the end of August 2021), including 245 million for Oscaro, and generates an Ebitda of 238 million. Sales have decreased by 5% per year since 2010 and earnings by 20%. It was in 2018 that he took over Oscaro from its founder, Pierre-Noël Luiggi.

Audi and Moleskine

Audistribution provides delivery for repair professionals and the Oscaro site serves individuals. Both networks distribute automobile spare parts. With D’Ieteren, they find a new owner who is also a specialist in automobiles. The Belgian company is none other than the distributor in this country of the Volkswagen, Audi, Seat, Skoda, Bentley, Lamborghini, Bugatti, Rimac, Cupra and Porsche brands. It holds a market share of more than 23% and has 1.2 million vehicles in circulation for more than 3 billion in turnover in this activity.

But the Belgian family also operates the windshield specialist Belron, better known under the Carglass and Autoglass brands. Belron operates in 40 countries for nearly 4 billion in revenue. In another area, D’Ieteren owns the Moleskine notebooks.

The sale of Parts Holding Europe comes six months after a failed attempt IPO for an enterprise value of 1.8 billion, barely higher than that taken into account today.