Driven Brands Inc, a portfolio company of Roark Capital and a leading US franchise automotive company, has acquired CARSTAR Canada. CARSTAR is one of the largest multi-store network of independently owned collision and glass centres in Canada, operating more than 230 locations in 10 provinces. ‘As we continue to accelerate our exposure and growth throughout [...]

The Carlyle Group (Carlyle), CVC Capital Partners (CVC) and GIC, Singapore’s sovereign wealth fund, announced today that funds advised by CVC have entered into a partnership with GIC and will become a co-shareholder in the RAC through the purchase of Carlyle’s stake. The investment was made from CVC’s Strategic Opportunities Platform, established in response to [...]

The seventh CLEPA Aftermarket Conference, set to take place in Brussels this week, has been postponed inline with the Belgian Federal Government’s advice. With the continued level four (maximum security) situation in Brussels at present, CLEPA took the decision to postpone the conference until early 2016. In a communication to registered participants, Paul Schockmel, CLEPA [...]