Aurelius Equity Opportunities said Nov. 12 that it acquired Hellanor from Nordic Forum Holding A/S. Financial terms weren’t announced. Hellanor is an automotive aftermarket wholesaler in Norway. Nordic Forum is a subsidiary of Hella GmbH & Co. KGaA.
Munich/Oslo, November 12, 2018 – AURELIUS Equity Opportunities SE & Co. KGaA (ISIN DE000A0JK2A8) acquires the Norwegian wholesaler Hellanor from Nordic Forum Holding A/S, a 100% subsidiary of HELLA GmbH & Co. KGaA. Headquartered in Skytta near Oslo,Hellanor is the second-largest automotive aftermarket wholesaler in Norway, generating c. EUR 70 million in revenues with approx. 250 employees. The transaction is scheduled for completion in the fourth quarter of 2018.
Hellanor supplies its customers, typically automotive workshops, car dealerships and local wholesalers, with spare parts from its central warehouse in Skytta as well as from 19 branches across the country. In addition, Hellanor offers workshop franchise concepts to its clients under its own AutoMester brand as well as for third-party concepts such as Bosch Car Service. Within its AutoMateriell business segment Hellanor supplies workshop equipment of leading equipment OEMs such as JohnBean and MAHA.
“I am pleased to welcome Hellanor as the fourth Nordic company in our portfolio, highlighting our commitment to this region. The transaction also proves again that our experience in corporate spin-offs is highly appreciated by corporate sellers,” said Leif Lupp, AURELIUS Group’s Head of Nordics. “Hellanor is the number 2 in Norway and operates in a healthy market. As a former non-core business under HELLA ownership, Hellanor will clearly benefit from the heightened attention it will receive as a standalone business under the AURELIUS umbrella. Our operations experts will help to ensure a successful, expeditious carve-out and then support management in aligning Hellanor to challenges and growth potential in the automotive after-market.”