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D'Ieteren Group
M&A Activity • Oct 30, 2024
3937_iss_2024-10-30_bc00b401-7121-4869-9e37-f57a2c0af3ec.pdf
M&A Activity
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INSIDE INFORMATION
Wednesday 30 October 2024 – 9:15pm CET
Transaction between Belron's minority shareholders
Existing minority shareholders of Belron have signed a binding agreement to acquire an additional stake of 1.4% in Belron from Atessa, a fellow minority shareholder. This transaction values Belron at an Enterprise Value ('EV') of €32.2bn, resulting in an equity value of €23.5bn. Atessa will remain a sizeable shareholder following the completion of this transaction.
Following the transaction, Belron's shareholdership will be the following (on a fully diluted basis):
- D'Ieteren Group: 50.3%
- CD&R, H&F, GIC and BlackRock: 40.1%
- Management and Atessa: 9.6%
This transaction highlights the robustness of Belron's model, reflecting its strong performance and its potential for future growth.
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INSIDE INFORMATION
Wednesday 30 October 2024 – 9:15pm CET
D'Ieteren Group profile
In existence since 1805, and across family generations, D'Ieteren Group (the Group) is an investment company seeking growth and value creation by building a family of businesses that reinvent their industries and search for excellence and meaningful impact. It currently owns the following businesses:
- Belron (50.30% in fully diluted economic rights): worldwide leader in vehicle glass repair, replacement and recalibration.
- D'Ieteren Automotive (100% owned): distributor of Volkswagen, Audi, SEAT, Škoda, Bentley, Lamborghini, Bugatti, Cupra, Rimac, Microlino, Maserati and Porsche vehicles in Belgium and expanding into other mobility services.
- PHE (100% in economic rights) is a leader in the independent distribution of spare parts for vehicles in Western Europe, present in France, Belgium, The Netherlands, Luxemburg, Italy and Spain.
- TVH (40% owned): leading global independent distributor for aftermarket parts for material handling, construction & industrial, and agricultural equipment.
- Moleskine (100% owned): develops and sells iconic branded notebooks and writing, travel and reading accessories through a global multichannel platform.
- D'Ieteren Immo (100% owned): groups together the Belgian real estate interests of D'Ieteren Group.
Financial Calendar
Last five press releases
(with the exception of press releases related to the repurchase or sale of own shares)
| 17 October 2024 | Publication of a Transparency Notification | 10 March 2025 | Full-Year 2024 results |
|---|---|---|---|
| 2 October 2024 | Belron announces successful pricing & allocation of its new financing |
14 May 2025 | 2025 Investor Day |
| 30 September 2024 | Belron offers Senior Secured Notes | ||
| 23 September 2024 | Belron launches new loan | ||
| 9 September 2024 | Family shareholding reorganisation and extraordinary dividend |
Contacts
Francis Deprez, Chief Executive Officer Edouard Janssen, Chief Financial Officer
Stéphanie Voisin, Investor Relations - Tel: + 32 (0)2 536.54.39 Bram Geeroms, Investor Relations – Tel: +32 (0)2 260.29.16 E-mail: [email protected] – Website: www.dieterengroup.com