Services
Deals
Industry
Automotive
Our role
Providing a multi-disciplinary advisory solution to the sellers
PwC advises on the disposal of the business to enhance the business’ long-term sustainability and value by providing a multi-disciplinary advisory solution to the sellers, managed by:
- Advised by PwC - Sanlam Private Equity acquires Danny’s Auto Body Parts
- PwC advises on the disposal of the business to enhance the business’ long-term sustainability and value by providing a multi-disciplinary advisory solution to the sellers
- The multi-disciplinary advisory solution included the following PwC teams, corporate finance, value creation, financial due diligence, tax due diligence, tax structuring services
Solution Our solution for our client
Danny’s Auto Body Parts, a family-owned business, is a leading name in the aftermarket automotive parts market in South Africa and has a 76-year history of supplying a wide range of high-quality aftermarket automotive parts and accessories for various vehicle types to South Africa and neighbouring countries. The shareholders approached PwC to advise on the disposal of the business. This presented an excellent opportunity to enhance the business’ long-term sustainability and value.
Our Corporate Finance team successfully advised the shareholders on the sale of the business to Sanlam Private Equity, a leading Black Economic Empowerment private equity player in South Africa.
Danny’s Auto Body Parts holds key strategic licences for premium brands such as Dunlop, Lucas and FIAMM. They also have an in-house brand called Imoto Chemicals and offer a wide range of over 30,000 products for sale. These products cater primarily to approximately 3,400 wholesale customers, with a focus on spare shops and other wholesalers.
We provided a multi-disciplinary advisory solution to the sellers, including:
- Corporate finance
- Value creation
- Financial due diligence and tax due diligence
- Tax structuring services
Impact The impact our solution had
Our advice set the business up for success and met the client’s objective of achieving significant value for the shareholders while ensuring the long-term growth and sustainability of the business.
“It was absolutely key that we had the right business advice for the sale process. From the outset, PwC demonstrated a deep understanding of our business and especially important, our objectives as a family. The PwC team provided outstanding advice and support from a senior hands-on team throughout the process which resulted in a fantastic outcome for us.”
*Testimonials may not be representative of the experience of other customers. Testimonials are no guarantee of future performance or success. This content is for general information purposes only and should not be used as a substitute for consultation with professional advisors.
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