Alpha Private Equity Funds will acquire Europart, a German retailer for utility and special purpose vehicle spare parts and accessories. No financial terms were disclosed. Milbank, Tweed, Hadley & McCloy LLP advised ABN AMRO Bank N.V. and Banco Santander S.A., which are providing the financing for the acquisition.
Frankfurt, May 16, 2017 –Milbank, Tweed, Hadley & McCloy LLP has advised ABN AMRO Bank N.V. and Banco Santander S.A. as mandated lead arrangers, bookrunners and lenders on the financing of the acquisition of the EUROPART Group. Europart will be acquired by Alpha Private Equity Funds from the current investors Triton and Paragon. The parties have agreed to not disclose the deal volume.
EUROPART, headquartered in Karlsfeld, near Munich, and with more than 1,500 employees, is a leading European retailer for utility and special purpose vehicle spare parts and accessories as well as workshop requirements for vehicle garages and transport companies. EUROPART operates an international network with more than 300 sales outlets in 28 countries.
A Milbank team headed by partner Thomas Ingenhoven comprehensively advised the banking consortium in relation to the acquisition financing.