Is Unipart Automotive being lined up for sale to Euro Car Parts?

Unipart Automotive rescue

With numerous sources reporting that loss-making parts firm Unipart Automotive is just days away from a rescue plan (which you might read as a sales of the company), and with at least three bidders being associated with the deal, fast-growing rival Euro Car Parts could be seen as a front runner. But first a little background. Following the initial news reports Unipart Automotive was close to calling in the administrators on 8 July, a day later minority shareholder Unipart Group clarified its relationship to Unipart Automotive:

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William Blair in favour of a Euro Car Parts rescue of Unipart Automotive July 18, 2014
[…] Chris Anthony Investment bank William Blair said it views a potential rescue deal between Euro Car Parts and Unipart Automotive, if it were to happen, as “a good fit”. However, these words were written in an investor’s […]
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