Autosports Group → Motorline BMW, Motorline MINI, Motorline Bodyshop, Gold Coast BMW, Gold Coast MINI
completedDeal announced2022-12-07
BuyerAutosports Group
SellerMotorline BMW, Motorline MINI, Motorline Bodyshop, Gold Coast BMW, Gold Coast MINI
SectorAutomotive Dealership
ValueA$60.0M
Deal typeM&A
Autosports Group agreed to acquire the business and assets of five Queensland/Gold Coast BMW, MINI and panel-repair dealership operations for A$60 million (goodwill, plant and equipment), businesses that generated A$261 million FY22 revenue and ~A$12 million net profit before tax.
Why the buyer wanted it
Autosports wanted to expand its premium/luxury dealership network into the Gold Coast/ Queensland region with an established, profitable BMW/MINI franchise base.
Why the seller agreed
Not publicly disclosed.
Stock reaction
Not specifically detailed in available coverage.
Deal mechanics
Deal structure
Asset purchase of goodwill, plant and equipment (subject to usual adjustments), funded by cash reserves and a debt facility
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