Apollo invests in Autodoc

DOWNLOAD PDF

COPY LINK

Published Date

Apr 24 2024

Related people

Allen & Overy has advised Berlin-based Autodoc group (AUTODOC), Europe's largest and fastest growing auto parts ecommerce platform, in connection with a minority investment by Apollo Global Management (Apollo). Via its Hybrid Value Funds, Apollo acquires, together with leading institutional investors, a minority equity investment in AUTODOC based on a valuation of EUR2.3bn.

As part of the transaction, two Apollo representatives will join the company's supervisory board.

Apollo will support the company's growth plans, serving as strategic capital partner, as AUTODOC further expands into the B2B segment and at the same time continues to extend its leading position in the European B2C independent aftermarket.

AUTODOC reported a net revenue CAGR of approx. 26% for the last five years and in 2023 generated more than EUR1.3bn revenue and more than EUR130m of adjusted EBITDA. The company operates in 27 European countries and employs around 5,000 people at ten locations in Germany, France, Kazakhstan, Luxembourg, Moldova, the Netherlands, Poland, Portugal, Czechia, and Ukraine.

The Allen & Overy team was led by partner Dr. Christian Eichner and counsel Kyrill Chilevych (both Corporate/M&A, Düsseldorf) and further comprised partners Dr. Hendrik Roehricht (Corporate/M&A/Private Equity, Munich), Dr. Hans Diekmann (Corporate/M&A, Düsseldorf), Dr. Knut Sauer (Capital Markets, Frankfurt) as well as associates Eva Hohmann and Dr. Christina Vossen (Corporate/M&A, Düsseldorf).

The inhouse legal team was led by Maximilian Freiherr von Schorlemer, general counsel and senior vice president of AUTODOC.