Tag: Bain Capital

Restructuring announced as Fintyre Group misses January wages

Restructuring announced as Fintyre Group misses January wages

3rd February 2020 | 0 Comments

The Fintyre Group has grown considerably since Bain Capital first acquired Italian tyre wholesaler Fintyre early in 2017, but what does the future hold? Tyrepress.com understands that the company has told its employees in Germany that a restructuring of the Fintyre Group is taking place, and that this measure is now being felt in a very tangible way.

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Fintyre Group names Passerini as CEO

Fintyre Group names Passerini as CEO

9th October 2019 | 0 Comments

Having recently rebranded as Fintyre Group, the European tyre distribution specialist reports that it is also implementing a leadership succession plan. Mauro Pessi will continue to be involved as executive chairman. As a board member the company says he will contribute to the long-term strategic direction of the company, working in close cooperation with Bain Capital.

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EfTD rebrands as Fintyre Group

EfTD rebrands as Fintyre Group

17th September 2019 | 0 Comments

Wholesaler European Fintyre Distribution Limited (EfTD) has changed its name. As of yesterday, the firm is known as Fintyre Group.

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Bain Capital buys US distributor Dealer Tire

Bain Capital buys US distributor Dealer Tire

26th October 2018 | 0 Comments

The private equity firm building up a European tyre distribution group through its acquisition of firms such as Fintyre and Reiff has made a significant investment in North America. Bain Capital reports its acquisition of a majority shareholding in US-based aftermarket tyre and parts distributor Dealer Tire, LLC. The interests of Lindsay Goldberg LLC, Dealer Tire’s investment partner since December 2014, will be acquired by Bain Capital Private Equity. The transaction is expected to close by December.

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Fintyre acquisition shows fast-growing firm is ‘doing OK’

Fintyre acquisition shows fast-growing firm is ‘doing OK’

26th June 2018 | 0 Comments

European finTyre Distribution (EFD) has been growing rapidly since its private equity owners Bain Capital backed the acquisition of Italian tyre wholesaler Fintyre back in March 2017. Since then the company has been on the acquisition trail, buying Pneusmarket and Franco Gomma in Italy as well as Reiff and most recently Reifen Krieg in Germany – all in order to build a “European tyre distribution group”. Tyres & Accessories recently spoke with Fintyre managing director Mauro Pessi and asked who’s next and what’s the exit plan?

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European FinTyre Distribution buys Reifen Krieg

European FinTyre Distribution buys Reifen Krieg

14th June 2018 | 0 Comments

European FinTyre Distribution Limited (EfTD), one of the largest Pan European tyre distributors, has agreed to acquire the privately held Reifen Krieg Group, a leading full-range tyre wholesaler in Germany. As a result, EfTD is set to become the market leader in two key European countries, Germany and Italy, with 1.1 billion euros of total revenue. According to EfTD, Reifen Krieg’s current owners, Holger Krieg and Tobias Fink, will continue as the group's managing directors

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Bain Capital building ‘European tyre distribution group’

Bain Capital building ‘European tyre distribution group’

18th October 2017 | 0 Comments

This year specialist private equity firm Bain Capital has been busy making strategic acquisitions in the European tyre wholesale and retail sectors. First off the company bought Italian tyre wholesaler Fintyre from previous owners Bluegem Capital back in March. Then at the end of June the firm added the German Reiff operation to its portfolio, an acquisition that was subsequently approved by the EC in August. Tyres & Accessories recently interviewed Ivano Sessa, one of Bain Capital Private Equity’s managing directors, and learnt that there are plans for further mergers and acquisitions with a view to creating a “larger tyre distribution group across Europe”.

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EC clears Bain Capital’s acquisition of Reiff’s tyre distribution business

EC clears Bain Capital’s acquisition of Reiff’s tyre distribution business

23rd August 2017 | 0 Comments

A further step towards consolidation within Europe’s tyre wholesaling sector has been taken with the European Commission approving the sale of Reiff Reifen und Autotechnik to US private equity fund Bain Capital Investors LLC. The new owner states its intention to become a regional leader within this business.

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