€1.04 Billion Acquisition of Rhiag-Inter Auto Parts Italia by LKQ
December 22, 2015
Cleary Gottlieb is representing Bank of America Merrill Lynch, as financial advisor to the board of directors of LKQ Corporation, in connection with the proposed acquisition of Rhiag-Inter Auto Parts Italia from Apax Partners for approximately €1.04 billion. The transaction was announced on December 22, 2015 and is expected to close in the second quarter of 2016, subject to the satisfaction of customary closing conditions and necessary regulatory approvals.
Rhiag is a leading pan-European business-to-business distributor of aftermarket spare parts for passenger cars and commercial vehicles. LKQ is a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles. The acquisition increases the scale of LKQ’s pan-European aftermarket mechanical parts distribution business.