FRANKFURT Oct 18 Private equity group Triton
has put its truck spare parts wholesaler Europart up for sale in
a potential deal worth about 300 million euros ($329 million),
two people close to the matter said.
The investor has asked investment advisory boutique Baird to
find a buyer for the business it acquired in 2011 and which it
strengthened through the acquisition of a peer earlier this
Europart is expected to post earnings before interest,
taxes, depreciation and amortization (EBITDA) of less than 40
million euros this year and may be valued at 8-9 times that in a
potential deal, the sources said.
They added that first information packages have already been
sent to prospective buyers.
In 2015, the Hagen, Germany-based group posted sales of 414
million euros. The company has 1,650 employees in 28 countries
and focuses on regions such as Germany, Denmark, Poland, Russia
Triton and Baird declined to comment.
($1 = 0.9105 euros)
(Reporting by Arno Schuetze; Editing by Tina Bellon)