Target: AVN Group
Seller: AVN Group shareholders
Advisory sell side: Yes Corporate Finance | M&A Advisory
AKD | Legal Advisory Corporate M&A
Buyer: VWE Automotive
Advisory buy side: JSA Tax | Tax Advisory
RSM | Financial Due Dilligence
DeBreij| Legal Advisory Corporate M&A
Involved: Newport Capital, Private equity
Date announced: 2022-10-06

The Dutch car service provider VWE Automotive has acquired the AVN Group, a Dutch company active in car sales and remarketing, which uses a modern IT platform and offers various additional services.

Both companies operate in the same market but complement each other. Together VWE and AVN can better serve suppliers and buyers.

Source: MenA