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彭博社

KKR与黑石集团均有意竞购挡风玻璃维修企业CaryKKR, Blackstone Are Among Suitors for Windshield Repairer Cary

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据知情人士透露,KKR、黑石集团以及华平投资正在考虑竞购挡风玻璃维修企业Cary。

KKR & Co., Blackstone Inc. and Warburg Pincus are considering bids for windshield-repair company Cary, according to people familiar with the matter.

据悉,这家企业目前由CVC资本合伙公司和北欧资本共同持有,预计在未来几周内将收到第一轮竞标报价。

First-round bids for the business, which is owned by CVC Capital Partners and Nordic Capital, are expected in the coming weeks, according to the people.

彭博社今年3月曾报道称,CVC与北欧资本正在探讨退出该企业的各种方案,预计该企业的估值可能达到30亿欧元(约合34亿美元)甚至更高。

Bloomberg News reported in March that CVC and Nordic Capital are exploring options for exiting the business, which could be valued at €3 billion ($3.4 billion) or more.

知情人士还称,杰富瑞金融集团已被聘请为该交易的顾问。该机构正在向多家银行及私募信贷机构介绍Cary的相关情况,旨在协助潜在贷款方确定融资方案的规模与定价。

Jefferies Financial Group Inc. has been enlisted as an adviser, according to the people. It has been circulating information about Cary to banks and private credit firms to help potential lenders make decisions about the size and pricing of financing packages to back a deal, the people said.

由于银行希望以此在竞争中胜过私募信贷机构,预计它们会提供优惠利率。知情人士透露,近期银行曾以较欧元银行同业拆借利率高出350个基点的溢价水平,向信用评级为B2级的Sunday Natural公司提供定期贷款。

Banks are expected to offer cut-rate pricing in an effort to outbid private credit firms, the people said, asking not to be identified discussing confidential information. Recently banks offered B2-rated Sunday Natural term loans at a margin of 350 basis points over Euribor.

目前各方仍在磋商中,尚无法确定上述私募股权机构最终是否会参与竞购。黑石集团、CVC、北欧资本、KKR、杰富瑞及华平投资均拒绝对此发表评论。

Deliberations are ongoing and there’s no certainty any of the private equity firms will decide to bid for Cary, the people said. Representatives for Blackstone, CVC, Nordic Capital, KKR, Jefferies and Warburg Pincus declined to comment.

根据Cary官网信息,该企业在欧洲市场运营,旗下拥有National Windscreens、Autoglass Clinic、Ralarsa和Dansk Busglas等多个品牌。在北欧地区,它还提供汽车车身维修以及针对小面积损伤的SMART维修服务。

Cary operates across Europe through brands including National Windscreens, Autoglass Clinic, Ralarsa and Dansk Busglas, according to its website. In the Nordic region, it also provides auto-body and so-called SMART repairs, which target smaller damaged areas.

此次Cary的并购案正值交易行业试图从第三季度的低迷态势中复苏之际,业内期望借此实现并购交易额再创历史新高的目标。尽管私募股权机构将是这一进程中的重要力量,但由于买卖双方对估值水平的分歧始终存在,今年此类交易的实施难度依然较大。

A deal for Cary would come as dealmakers look to recover from a sluggish third quarter and resume their push for a potential record year of mergers and acquisitions. Private equity firms will be a key component in the chase, but have found it challenging to transact this year in part because of ongoing valuation gaps between buyers and sellers.