D'Ieteren Group SA (ENXTBR:DIE) made a binding offer to acquire Parts Holding Europe S.A. from Bain Capital Private Equity, LP for €1.7 billion on February 14, 2022. D'Ieteren Group signed definitive agreement regarding the acquisition of PHE on March 14, 2022. The proposed transaction values PHE at an Enterprise Value of €1.7bn, resulting in an equity value of €540m, which would be financed with D'Ieteren Group's excess liquidity. Signing of the securities sales agreement is subject to information and consultation process with the PHE's works councils. As on August 2, 2022, The European Commission had approved D'Ieteren's acquisition of PHE under on condition that D'Ieteren complies fully with merger commitments it offered. Closing of the transaction is subject to the approval of the relevant competition authorities, and is expected by the end of Q3-22. Rothschild & Co and Denis Criton, Mathilde Saltiel of Latham & Watkins LLP acted as financial and legal advisor respectively to Bain Capital Private Equity, LP. Kalish Mullen, Evgeny Zborovsky, Neel Sachdev, Sonia Bouaffassa, Antoine Lebienvenu and Cedric Van den Borren of Kirkland & Ellis LLP acted as legal advisor to Parts Holding Europe S.A.

D'Ieteren Group SA (ENXTBR:DIE) completed the acquisition of Parts Holding Europe S.A. from Bain Capital Private Equity, LP on August 4, 2022.