BDO was the lead M&A adviser to the shareholders of Auckland City BMW Limited on the sale of the business to Autosports Group Limited (ASX:ASG) for approximately NZD$70m.
Auckland City BMW Limited is privately owned and has operated in New Zealand since 1970.
The entity comprises three dealerships which represent approximately 37% of BMW market share, 50% of MINI market share and 100% of Rolls-Royce market share in New Zealand.
Autosports Group Limited, is a leading retailer of prestige and luxury cars with over 50 retail businesses throughout Sydney, Melbourne, Brisbane and the Gold Coast.
Led by BDO Corporate Finance Partner Andrew McFarlane, BDO was engaged by Auckland City BMW Limited to be the lead M&A adviser to the shareholders on the sale of the business.
BDO was engaged by Auckland BMW Limited to be the lead M&A adviser to the shareholders on the sale of the business.
Working with the BDO team through the M&A process was a pleasure, and we were impressed with their unwavering commitment and high quality of work. We found their approach always to be pragmatic and were highly impressed with their understanding of our business and industry. The assistance BDO provided was invaluable and we could not have selected a better adviser to have on our team. I would strongly recommend BDO to any company looking to undertake an M&A process.
IAN GIBSON
Managing Director, Auckland City BMW