TAMSEN GmbH has sold a 75% stake to UnitedAuto Group Inc.
UnitedAuto Group Inc. has acquired a 75% stake in TAMSEN GmbH. The remaining 25% interest will be held by Mr. Tamsen, who will continue managing the business to expand the company's activities in Europe. Financial details have not been disclosed.
TAMSEN GmbH is a leading German retailer of top-end luxury cars and is ranked as number one in continental Europe.
UnitedAuto Group Inc. is the second largest publicly-traded automotive retailer in the United States.
Oaklins' team in Germany was assigned to identify potential partners and to lead the sale process as well as final negotiations.
Talk to the deal team
Related deals
Garden care product manufacturer Doff Portland has been acquired by Pelsis Group
Global pest control manufacturer and supplier Pelsis Group has added Doff Portland to its product portfolio. Doff Portland becomes a wholly owned subsidiary within the group.
Learn moreMG Cannon has been acquired by Steer Automotive Group
The shareholders of the UK automotive bodyshop repair group MG Cannon have sold the business to Steer Automotive Group.
Learn moreUniKidz has partnered with Karmijn Kapitaal
Karmijn Kapitaal has acquired a majority stake in UniKidz, a talent development organization that provides a scientifically-based developmental approach through high-quality childcare. Through the partnership with Karmijn Kapitaal, UniKidz can take the next step in bringing their unique concept to even more children.
Learn more