Apax Partners agreed to acquire Rhiag-Inter Auto Parts Italia SpA for an undisclosed price.
The deal is expected to close before the end of 2013.
Rhiag-Inter, a subsidiary of auto parts distributor Lanchester SA, offers maintenance and repair services as well as spare car parts. It is just of many automotive aftermarket companies that has been scooped up in recent years by private equity. (See: “Winners of the Auto Aftermarket” and “Jalopy Deals Remain Hot”)
Milan-based investment bank Fineurop Soditic SpA advised Apax on the transaction, while Mediobanca Group (BIT: MB) and Goldman Sachs Group Inc. (NYSE:GS) served as financial advisers to Rhiag.
BNP Paribas and Credit Suisse Group AG (NYSE: CS) will provide financing for the transaction.