acquisitions and deals
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Acquisitions and deals 23 JanPendragon suitor Lithia Motors in ‘advanced’ talks over £300m Jardine acquisition
Lithia Motors has revealed that it views Jardine Motors as “a platform for future growth in the UK” after it emerged that the US-based car retailer was in advanced talks to acquire the AM100 car retail group.
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Acquisitions and deals 16 JanMarshall acquires Jaguar Land Rover Leicester from Sturgess Motor Group
Marshall Motor Group has taken its Jaguar Land Rover (JLR) representation t 10 dealerships with the acquisition of the premium carmaker’s Leicester franchise from Sturgess Motor Group.
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Acquisitions and deals 10 JanProperty giant Savills enters dealer property sector with APC takeover
Real estate services group Savills has ramped up its interest in motor retail property with its acquisition of Automotive Property Consultancy (APC) from its founder Bill Bexson.
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Acquisitions and deals 6 JanBrothers Harry and Neal Grainger start new car retail group with Mantles Kia acquisition
Car retail brothers Harry and Neal Grainger have officially become business partners with the acquisition of Mantles Kia Royston – paving the way to the creation of a new dealer group.
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Acquisitions and deals 3 JanRRG and Norton Way owner acquires HPL used car supermarket group
RRG and Norton Way owner Marubeni Auto Investment has completed the acquisition of a majority shareholding in three-site used car supermarket business HPL Motors Group.
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Acquisitions and deals 9 DecDonalds Group expands with Wright’s Mazda Norwich dealership acquisition
Donalds Group has continued its recent growth drive with the acquisition of Wright’s Mazda in Norwich, its fourth franchised car dealership with the Japanese brand.
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Car Dealer News 9 DecHedin Group withdraws £411m Pendragon takeover offer
Swedish car retailer Hedin Mobility Group has withdrawn its £400 million takeover offer for Pendragon due to “challenging economic conditions”.
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Acquisitions and deals 8 DecVertu adds Ferrari and Volvo dealerships with 28-site Helston Garages acquisition
Vertu Motors has added its first Ferrari supercar and Volvo dealerships to its car retail portfolio through the £117 million acquisition of Helston Garages.
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Market Insight 6 DecClimate hots-up for car retail M&A, with overseas investors in pole position
Warnings of the longest recession on record could signal further market disruption that will turbocharge the motor retail sector’s mergers and acquisitions (M&A) outlook.
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Acquisitions and deals 1 DecRybrook completes acquisition of Helston Garages Porsche Exeter
Luxury car retail group Rybrook has completed the acquisition of Helston Garages’ Porsche car dealership in Exeter.
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Acquisitions and deals 30 NovArnold Clark fails to reach takeover deal with Cars2
Arnold Clark’s bid to acquire Yorkshire based franchised car retailer Car2 has ended after the two businesses were unable to strike a deal.
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Acquisitions and deals 30 NovYeomans acquires 11 Audi, Volkswagen and Skoda dealerships from Helston Garages
Yeomans Group has completed the acquisition of 11 Audi, Volkswagen, VW Commercial Vehicles and Skoda franchised car dealerships from Helston Garages for an undisclosed sum.
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Acquisitions and deals 24 NovPendragon suitor Hedin Group completes Mercedes-Benz Retail Group acquisitions
Pendragon suitor Hedin Mobility Group has secured a foothold in the UK car dealership sector with the acquisition of four franchise points from Mercedes-Benz Retail Group.
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Acquisitions and deals 21 Nov
Hedin Group’s Pendragon ‘put-up or shut-up’ takeover deadline extended
Hedin Group’s ‘put-up or shut-up’ deadline for a takeover offer for Pendragon PLC has been extended to December 9.
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Acquisitions and deals 15 NovPeter Ambrose Peugeot dealership sold to employee trust
The ownership of franchised car retail business Peter Ambrose Peugeot is set to start a “new chapter” under new ownership after being sold to a trust formed by its employees.
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Acquisitions and deals 11 NovRygor Commercials under new ownership after management buy-out
Rygor Commercials is preparing for a new era of ownership after sales director John Keogh and head of truck sales Rish Channa completed a management buy-out (MBO) of the business.
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Car Dealer News 9 Nov
Vertu in ‘advanced discussions’ over acquisition of £627m turnover Helston Garages
Vertu Motors has revealed that it is engaged in “advanced discussions” over the potential acquisition of £512 million turnover premium car retailer Helston Garages Group.
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Acquisitions and deals 1 NovDubai-based AW Rostamani Group acquires nine West Way Nissan dealerships
Dubai-based franchised car retailer AW Rostamani Group has broadened its UK footprint with the acquisition of nine West Way car retail sites from Nissan Motors GB.
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Acquisitions and deals 1 NovStellantis-owned Aramis Group snaps-ups Cazoo’s Italian car retail operations
The Stellantis-owned used car retail business Aramis Group has acquired Cazoo’s Italian operations as the online retailer continues its withdrawal from Europe to focus on cost savings and the UK market.
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Acquisitions and deals 1 NovVertu Motors becomes UK’s largest BMW Motorrad motorcycle retailer
Vertu Motors has become the UK’s largest BMW Motorrad motorcycle retailer with the £4.4 million acquisition of two Yorkshire dealerships from Saltaire Motor Company, which trades as Allan Jefferies.
