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Scheme of Arrangement, Indicative Non-Binding Proposal, Takeover - Timer Applied
- Jun 11, 2024
- 1 page
This Month
- Opinion
- Chanticleer
Bapcor needs to rev Bain’s bid into an auction
After three profit downgrades, a private equity bid for Bapcor was always coming. But what price will secure the diamond in the rough?
- James Thomson
Bain offers $1.83b for Bapcor | Apple brings AI to iPhones | Cranbrook settles with former headmaster
Read everything that’s happened in the news so far today.
- Updated
- Cars
Embattled Bapcor gets $1.83b buyout offer from Bain Capital
Shares in the company, which runs 1100 outlets under the Autobarn, Burson, Autopro and Midas brands, climbed 14 per cent after the proposal from the private equity group.
- Simon Evans
Former Bapcor CEO Darryl Abotomey canvassed by PE suitor Bain
Sources said Bain was among a number of private equity firms that had tested the interest of the former Bapcor boss in recent weeks.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Suitor tinkers with car parts business Bapcor; eyes on Bain Capital
Sources pointed to Bain Capital as the would-be acquirer, and said that the inbound approach was made in recent weeks.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Buying the dip? Seven trashed ASX stocks fundies are snapping up
Lovisa, Worley and Orora are among the recent laggards that fund managers have been buying at – what they believe – are rare discounts.
- Joshua Peach
May
Tanarra pushes for change at Bapcor after $100m buy-up
Bapcor, which runs 1100 outlets selling car parts under the Autobarn, Autopro and Burson brands, is in Tanarra Capital’s sights.
- Simon Evans
Bapcor shuts big warehouses for two weeks to stop inventory blowout
The owner of Autobarn, Burson and Autopro has told car parts suppliers it won’t be taking any deliveries in late June at three large distribution centres in Victoria, Queensland and WA.
- Simon Evans
McKinsey program leaves Bapcor in a hole
Instead of delivering the $100 million in extra profits promised, the strategy overhaul has left the automotive giant in disarray and profits sliding.
- Simon Evans
Bapcor shapes as takeover target after share price rout
Macquarie says the Autobarn owner is a target after the 24pc plunge in its share price. It had private equity owners more than a decade ago.
- Simon Evans
‘Consumers pulling back’: Autobarn owner Bapcor in $500m wipeout
Shares in Bapcor, which runs 1100 stores under the Autobarn, Autopro and Burson banners, tumbled as much as 35 per cent after a hefty profit downgrade.
- Simon Evans
Ex-Bapcor boss braces for the worst after CEO no-show
“I should have sold a long time ago,” says former Bapcor CEO Darryl Abotomey, adding that it is disappointing to see the company go through more turmoil.
- Simon Evans
April
Bapcor CEO-elect quits two days before taking job
Paul Dumbrell has pulled out of taking the top job as investors brace for a profit downgrade and one of the founders lashes out at the board.
- Updated
- Simon Evans
March
Thai PM wants Australia to slow car emissions plan
The Thai government says Prime Minister Srettha Thavisin urged Anthony Albanese to slow rollout of new emissions standards, but Australia insists the issue was not raised at ASEAN in Melbourne.
- Updated
- Phillip Coorey and Simon Evans
February
Autobarn’s owner Bapcor spins its wheels with four CEOs in two years
Investment bank analysts are split on whether clients should be buying into the auto parts retailer and wholesaler. A new boss has his work cut out for him.
- Simon Evans
- Opinion
- Chanticleer
Fresh faces spring hopes of a market darling’s comeback
Bapcor has some terrific businesses, but the ASX-listed auto parts group as a whole hasn’t been firing for investors. Change is coming.
- Anthony Macdonald
January
Bapcor emerges as prime private equity target as share price sinks
A number of investment banks including Goldman Sachs have pitched the auto parts retailer behind the Autobarn brand as a potential opportunity, sources said.
- Aaron Weinman
November 2023
Bapcor cutting jobs in the run-up to Christmas
Street Talk understands the ASX-listed auto parts retailer has laid off nearly 100 employees in recent weeks.
- Sarah Thompson, Kanika Sood and Emma Rapaport
August 2023
- Opinion
- Chanticleer
What we learnt: Transurban, Bapcor, Vicinity Centres, debt costs
The Chanticleer team examine Transurban’s nifty interest rate win, Bapcor’s staff turnover and who’s stopped spending at Vicinity Centres’ malls.
- Anthony Macdonald and James Thomson
February 2023
Shoppers turn to DIY car maintenance amid rates squeeze
The CEO of Super Retail, which owns 330 Supercheap Auto stores, says sales in auto maintenance are on the rise as higher interest rates cause customers to shift from ‘wants to needs’.
- Simon Evans
