Gilde Buy Out Partners’ Acquisition of Gundlach Automotive Corporation

Sidley advised Gilde Buy Out Partners on the deal

Gilde Buy Out Partners executed the acquisition of Gundlach Automotive Corporation (“GAC” or the “Group”) together with management from companies controlled by Pon Holdings B.V. (“Pon”). The terms of the agreement have not been disclosed. GAC is a leading aftermarket distributor of tires, rims, completely fitted wheels and related services to car dealerships and wholesalers in Germany as well as wheel assembly services to blue-chip car OEMs in Europe. The Group was formed under the successful leadership of the senior management team of Reifen Gundlach to form a leading European platform in 2017. GAC now encompasses Reifen Gundlach (a leading brand for premium tire and wheel distribution for over 45 years), PTG Automotive Solutions and Services (just-in-sequence wheel assembly for car OEM production), RG Automotive Solutions (winter wheel assembly services for OEM brands) as well as Euro Tyre (global tire purchasing organization) and Goodwheel (eCommerce tire platform). Operations are based in Germany, Austria, Hungary, Slovak Republic, Sweden and the Netherlands.

Sidley advised Gilde Buy Out Partners with Christian Zuleger (Picture) and Nicole Janssen, and partners Dr. Markus Feil (Munich, Finance) and Dr. Roderic Pagel (Munich, Tax). Additional team members included Armin Mustafic, Patrick Heinrichs, Thomas Komanek, Dr. Matthias J. Annweiler and Julius Koblitzek (all associates Private Equity/M&A), Maximilian Mayer and Xenia Pisarewski (both associates, Finance), and Jörg Fischer (associate, Tax).

Involved fees earner: Patrick Heinrichs – Kirkland & Ellis; Armin Mustafi? – Kirkland & Ellis; Matthias Annweiler – Sidley Austin LLP; Markus Feil – Sidley Austin LLP; Jörg Fischer – Sidley Austin LLP; Nicole Janssen – Sidley Austin LLP; Julius Koblitzek – Sidley Austin LLP; Thomas Komanek – Sidley Austin LLP; Maximilian Mayer – Sidley Austin LLP; Roderic Pagel – Sidley Austin LLP; Xenia Pisarewski – Sidley Austin LLP; Christian Zuleger – Sidley Austin LLP;

Law Firms: Kirkland & Ellis; Sidley Austin LLP;

Clients: Gilde Buy Out Partners;