Brief: D'Ieteren Makes Binding Offer For 100% Of Parts Holding Europe (PHE)

D'Ieteren SA

14/02/2022 07:05

Feb 14 (Reuters) - D'Ieteren Group NV  IETB.BR :
    * D’IETEREN GROUP HAS ENTERED INTO EXCLUSIVE NEGOTIATIONS
FOR THE
ACQUISITION OF PARTS HOLDING EUROPE (PHE)
    * HAS ISSUED A BINDING OFFER AND ENTERED INTO EXCLUSIVE
NEGOTIATIONS WITH BAIN CAPITAL PRIVATE EQUITY IN VIEW OF
ACQUIRING 100% OF PHE
    * PROPOSED TRANSACTION VALUES PHE AT AN ENTERPRISE VALUE OF
€1.7BN, RESULTING IN AN EQUITY VALUE OF €540M, WHICH WOULD BE
FINANCED WITH D’IETEREN GROUP’S EXCESS LIQUIDITY
    * CLOSING OF THE TRANSACTION IS SUBJECT TO THE APPROVAL OF
THE
RELEVANT COMPETITION AUTHORITIES, AND IS EXPECTED BY THE END OF
Q3-22

Source text: https://bit.ly/3Jo7YNw
Further company coverage:  IETB.BR 

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