acquisitions and deals
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Acquisitions and deals 1 FebPendragon deal boosts Lithia’s firepower in UK market
Pendragon’s multi-million pound sale of its dealerships and leasing businesses to Lithia & Driveway creates a business with considerable market influence.
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Car Dealer News 30 JanInchcape Retail may be up for sale, group confirms
The AM100 dealer group Inchcape Retail UK is up for a takeover.
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Acquisitions and deals 25 JanUHY partners with DSMA, eyes global dealmaking opportunities
M&A advisor UHY Hacker Young is targeting the US and Canadian market through a strategic partnership with automotive intelligence and M&A firm DSMA.
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Acquisitions and deals 19 JanGrainger Motor Group acquires EMG Anglia, nears AM100 scale
EMG Anglia’s share capital has been acquired by GMG East Ltd, a new company owned by car retail brothers Harry and Neal Grainger’s Grainger Motor Group.
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Car Dealer News 18 JanRO Group acquires £6.2m Reading Honda showroom
The RO Group has acquired the freehold of the Reading Honda dealership in Reading for £6.2 million.
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Finance 18 JanFintech veterans take majority stake in LE Capital
Two prominent fintech investors have taken a majority stake in stock funder LE Capital.
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Acquisitions and deals 16 JanCarmoola raises further £15.5m in venture capital
Carmoola, the online car finance start-up has secured a further £15.5 million in venture capital funding.
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Aftersales 4 JanFresh funding to drive Bumper growth across Europe
Bumper completes $48 million funding round to drive growth in flexible automotive payments across Europe
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Opinion 20 DecExecutive View: Assessing the automotive retail landscape
Following a pivotal few months for the automotive sector, Greg Cox, Director at FRP Corporate Finance, assesses the current challenges
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Car Dealer News 19 DecCazoo could fold through lack of fresh funding
Cash-strapped online car retailer Cazoo Group must urgently secure additional capital before the second half of 2024 if it is to keep afloat.
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Aftersales 21 NovHalfords abandoned takeover talks, claims report
Bosses at Halfords, owner of the UK's largest vehicle servicing network, have rejected the advances of vehicle hire and repair group Redde Northgate because it undervalued the company, reports suggest.
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Aftersales 17 NovCar Spares Factors takes over Saxons Motor Factors
Car parts, accessories, tools and consumables supplier Car Spares Factors (CSF) has taken over Saxons Motor Factors to become CSF Saxons.
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Acquisitions and deals 2 NovSLM acquires SMC Motor Group, adds new brands including Cupra
Family-owned SMC Motor Group has been acquired by SLM Group, which gains Cupra, Seat, Renault and Dacia businesses.
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Acquisitions and deals 1 NovBridgestone to take 5% stake in Halfords' Avayler business
Halfords is selling a 5% stake in its automotive ‘software as a service’ (SaaS) business Avayler to Bridgestone.
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Manufacturer 26 OctStellantis deal set to bring China's Leapmotor EVs to Europe
Stellantis' €1.5 billion investment in China EV manufacturer Leapmotor will bring its electric cars to Europe and support Stellantis brands' future products.
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Car Dealer News 18 OctAutoNation pulls out of Pendragon bidding race
American motor retailer AutoNation said on Tuesday it had withdrawn its offer for Pendragon only weeks after Hedin Mobility and PAG International also dropped their joint bid.
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Car Dealer News 27 Sep
USA's Auto Nation joins Lithia, Penske and Hedin in Pendragon takeover battle
American motor retailer AutoNation has now joined the bidding war for Pendragon, with its own 32p per share pitch matching the revised offer proposed by its US rival Lithia.
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Acquisitions and deals 18 Sep
USA's Lithia Motors to buy Pendragon in £250m deal to become UK's 2nd biggest dealer group
US-based Lithia Motors could be set to take over Pendragon's dealership and leasing businesses in a £250 million deal which would leave Pinewood, Pendragon's software division, behind as a standalone entity retaining Pendragon's stock market listing.
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Acquisitions and deals 7 SepTakeover of car dealer group Lookers gets go ahead from shareholders
Shareholders in Lookers voted on the 130p per share takeover offer by Global Auto Holdings this week and a huge majority gave it their backing.
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Acquisitions and deals 1 SepLithia expands Jardine Motors with BMW dealership acquisitions
Arden BMW and Mini has been taken over by US-based Lithia And Driveway, owner of Jardine Motors Group
