Exit : ALLIANCE & INDUSTRIES
Leading player in the distribution of automotive and commercial vehicle spare parts with the #2 position in both France and the UK. Correlated with car repair rather than car sales, the distribution of car spare parts is a resilient market with stable volumes and limited price pressure.
Upon the disposal of the company by its sponsor Wendel, the Altercap funds were fully repaid at par of their investment into the senior debt issued by Alliance & Industries.