AAC takes CARe

Northern European mid-market buy-out firm AAC Capital Partners has acquired a majority stake in CARe Schadeservice, a Benelux-based chain of accident repair centres from NPM Capital for an undisclosed sum. CARe’s management team will be re-investing alongside AAC.

The transaction marks AAC’s second investment in the accident and repair market in the past year, after it acquired Norwegian roadside assistance service operator Viking Redningstjeneste last May.

Headquartered in Vianan, the Netherlands and with a network of 64 wholly-owned branches offering nationwide passenger car and small van accident repair services, CARe is a chain of accident repair centres in the Benelux focused on the business-to-business segment of the market. The company is a business partner to lease companies, insurance companies, fleet owners and dealers.

Managing partner of AAC Capital Partners, Marc Staal said: “With a highly experienced, dedicated management team and market leading status, CARe is an attractive investment for us. The business-to-business segment of the accident repair market is growing as lease and insurance companies are increasingly steering their accident repair flows to professional suppliers”

CEO of CARe, Johan van Klinken said: “CARe is delighted to partner with AAC, which has an excellent reputation as a long-term strategic partner. It is important to us that AAC has proven experience in the accident assistance and repair sector and we are confident their expertise will bring greater opportunities as we continue to grow. We look forward to working together to continue our successful business strategy.”