Cary Group Enters French Market with 123 Pare-Brise Acquisition
Deal News | Feb 11, 2025 | White & Case
Cary Group, a leading European firm specializing in sustainable vehicle glass repair and replacement solutions, has expanded its operations into France by acquiring 123 Pare-Brise. This strategic acquisition is backed by private equity giants Nordic Capital and CVC. The acquisition signifies Cary Group's entry into the French market, aiming to leverage 123 Pare-Brise's established position as a premier independent vehicle glass repair and replacement service in the region. To ensure seamless transition and continued growth, the current management team of 123 Pare-Brise will remain in place. White & Case LLP, a global law firm, played a pivotal role in advising Cary Group on this transaction. The advising team was led by partners from Paris and Stockholm, boasting a mix of expertise from both cities. The move illustrates Cary Group's strategic push for expansion and growth in Europe, aligning its offerings with the demands of the French market.
Sectors
- Automotive
- Legal Services
- Private Equity
Geography
- France – The target market for Cary Group’s acquisition, where 123 Pare-Brise is based.
- Sweden – Home to Cary Group, showcasing its expansion from Nordic regions to France.
Industry
- Automotive – Involves companies engaged in the design, development, and repair of vehicles. Relevant due to Cary Group's focus on vehicle glass and damage repair.
- Legal Services – Covering law firms providing advisory and transaction support services. White & Case's role in advising the acquisition highlights this sector.
- Private Equity – Refers to firms investing in companies through equity financing. Nordic Capital and CVC's backing of Cary Group aligns with this industry.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Cary Group | Acquiring Company | Company | A European leader in vehicle glass repair and replacement services, advancing sustainable solutions. |
| 123 Pare-Brise | Target Company | Company | An independent French company specializing in vehicle glass repair and replacement. |
| Nordic Capital | Private Equity Backer | Company | Private equity firm co-owning Cary Group, supporting its growth initiatives. |
| CVC | Private Equity Backer | Company | A global private equity firm backing Cary Group alongside Nordic Capital. |
| White & Case LLP | Legal Advisor | Company | International law firm advising Cary Group on the acquisition of 123 Pare-Brise. |