AURELIUS EQUITY OPPORTUNITIES SE & CO. KGAA
DGAP-News: AURELIUS Equity Opportunities SE & Co. KGaA / Key word(s): Takeover
AURELIUS acquires AutoRestore Limited from Belron International
2021-04-01 / 08:30
The issuer is solely responsible for the content of this announcement.
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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 www.aureliusinvest.de.
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: investor@aureliusinvest.de
Hawthorn Advisors
Henry Lerwill
Phone: +44 (0) 7894 608 607
E-mail: h.lerwill@hawthornadvisors.com
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2021-04-01 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.
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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: info@aureliusinvest.de
Internet: www.aureliusinvest.de
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
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(END) Dow Jones Newswires
April 01, 2021 02:30 ET (06:30 GMT)
