(Reuters) -Advance Auto Parts said on Thursday it would sell its Worldpac unit for $1.5 billion as part of its latest attempt at simplifying its structure and boosting liquidity. This strategic move will allow Advance Auto Parts to focus more on its core business and enhance its financial position.
Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America that serves both professional mechanics and do-it-yourself customers, has reached an agreement with private equity firm Carlyle Group for the sale of its Worldpac unit. The $1.5 billion cash deal is expected to close in the coming months, pending regulatory approval.
(Reuters) -Advance Auto Parts said on Thursday private equity firm Carlyle Group would buy its Worldpac unit for $1.5 billion in cash, marking Carlyle's first major industrial investment. The acquisition of Worldpac aligns with Carlyle's strategy to invest in strong, market-leading companies with growth potential.
Advance Auto Parts sells Worldpac to Carlyle for $1.5B, simplifying structure and boosting liquidity. Learn how this strategic move impacts the automotive aftermarket industry and Carlyle's investment portfolio.
Carlyle Group Inc. is acquiring Advance Auto Parts Inc.'s Worldpac unit for $1.5 billion, striking the first major industrial investment for the firm in the automotive sector. This acquisition highlights Carlyle's interest in expanding its presence in the aftermarket parts distribution market.
Baxter International Inc. announced that they have signed a definitive agreement under which Carlyle will acquire Baxter's Kidney Care business. This deal further demonstrates Carlyle's focus on investing in healthcare and related industries.
Advance Auto Parts said on Thursday that it has agreed to sell Worldpac, its automotive parts wholesale distribution business, to private equity firm Carlyle Group for $1.5 billion. This transaction will allow Advance Auto Parts to streamline its operations and strengthen its financial position.
Carlyle Group has agreed to invest in Seidor, a technology consultancy, for undisclosed terms. Barcelona-based Seidor, founded in 1982, provides digital transformation solutions to businesses across various industries. Carlyle's investment will help Seidor expand its global footprint and enhance its service offerings.
With a shared vision and commitment to women's soccer and the greater Seattle community, Sounders FC Owners and Carlyle come together to support the growth of the sport. This partnership aims to promote inclusivity and equality in soccer while fostering community engagement and development.
