About the deal

Founded in 1983 and acquired by Bureau Veritas in 2012, UniCar Group is a global expert in automotive damage prevention services all along the supply chain, from factory to retail dealer. The group provides quality surveys of new and used vehicles for more than 5 million automobiles annually. The group collects vehicle quality data to offer audit and consulting services used for claims processing, risk monitoring and damage prevention. UniCar addresses globally car manufacturers, logistics providers, and leasing companies through its subsidiaries in France, Germany, Belgium, United Kingdom, Spain, Mexico, and the United States.

Bureau Veritas is a world leader in laboratory testing, inspection and certification services. Created in 1828, the Group has more than 78,000 employees located in more than 1,600 offices and laboratories around the globe. Bureau Veritas helps its 400,000 clients improve their performance by offering services and innovative solutions in order to ensure that their assets, products, infrastructure and processes meet standards and regulations in terms of quality, health and safety, environmental protection and social responsibility. Bureau Veritas is listed on Euronext Paris and belongs to the Next 20 index.

The acquisition of UniCar will enable Inter360 to diversify its end markets by entering the automotive market and to consolidate and expand its international footprint.

What we did

Capitalmind Investec has assisted Bureau Veritas throughout the UniCar Group sale process: defining the transaction scope, designing deal tactics in a challenging automotive market impacted both by the Covid-crisis and supply issues, approaching globally the most relevant buyers, supporting the management team to formalize their strategic vision and their business plan, setting up the right degree of competitive pressure in order to maximize the terms of the transaction (value, timetable, governance), managing the process, handling the negotiation phases, and assisting the group in carving-out the business.

This deal illustrates Capitalmind Investec’s know-how in supporting large corporates in carving-out and exiting non-core or underperforming businesses. It also reinforces Capitalmind Investec’s track-record in the TIC market with almost 50 transactions advised over the last few years.