Autosports Group Limited → B S Stillwell Motor Group Pty Ltd
completedDeal announced2024-08-19
BuyerAutosports Group Limited
SellerB S Stillwell Motor Group Pty Ltd
SectorAutomotive Dealership
ValueA$55.0M
Deal typeM&A
Autosports Group agreed to acquire 100% of the Stillwell family's Melbourne dealership group (BMW, BMW Motorrad, MINI, Volvo Cars, MG and Ducati franchises in Victoria) for A$55 million.
Why the buyer wanted it
Autosports wanted to expand its premium/luxury multi-brand dealership network in Victoria.
Why the seller agreed
The Stillwell family could elect to receive up to 15% of consideration in Autosports shares, retaining some ongoing exposure to the combined business.
Stock reaction
Not specifically detailed in available coverage.
Deal mechanics
Seller's advisors
Macpherson Kelley (legal adviser to Stillwell family)
Deal structure
A$46.75m cash plus 8.25 million Autosports shares (vendor could elect up to 15% in ASG shares at A$2.09/share)
Comparable deals in Automotive Dealership
- Eagers Automotive Limited → NGP Victoria Dealership Group (13 dealerships and 3 properties, from Nick Politis)
- Autosports Group → Motorline BMW, Motorline MINI, Motorline Bodyshop, Gold Coast BMW, Gold Coast MINI