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IAD bought by private equity business

Bailey Capital Limited has acquired International Automotive Distributors (IAD) Limited.

Bailey Capital, an investment and private equity business, has purchased IAD from R. Capital and Hamilton Bradshaw for an undisclosed sum. IAD who trade as Maccess are an independent distributor of parts and accessories with a turnover of £56 million in the UK.

The acquisition is said to strengthen Bailey Capital’s business interests within the distribution non- food aftermarket.

IAD, with 15 branches in the UK, has been operating for 30 years and supplies the broadest range of aftermarket products to the independent motor trade as well as national multiples and garage forecourts.

IAD distributes over 25,000 automotive product lines, from leading well known brands including Castrol, Draper, Tetrosyl, Fiamm, Henkel, Holt Lloyd, JVC, QH Automotive, as well as its own brands.

Bailey Capital’s investors specialise in acquiring companies with potential for expansion. Reportedly, ambitious plans are already being drawn up for growth of the IAD/Maccess business model in Europe, possibly by further acquisitions.

Strategically an important part of the purchase has been to secure continued product supply for national contracts; as a result Bailey Capital has also been in negotiations with Tetrosyl Limited, manufacturer and supplier of car care and motor oils in Europe. Tetrosyl is also the manufacturer of the majority of IAD’s own brands.

Tetrosyl has taken a minority stake in Bailey Capital Limited and pledged its full support to the venture, although Bailey Capital stresses that Tetrosyl will have no trading involvement or day to day running of the business. This deal is seen purely as offering a substantial stabilising effect of the supply chain and route to market.

A spokesperson for Bailey Capital said: "The deal represents good news for IAD, its suppliers and the automotive aftermarket as a whole."

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