Proposed sale of Motorpark Athlone to Joe Duffy Automotive Ltd.
Motorpark Group is the main dealer for Ford motor cars in the Midlands and West of Ireland. Its Motorpark Athlone division is also an after sales dealer for Volvo and Nissan. Pegasus Capital advised on the proposed acquisition of Motorpark Athlone Ltd. and Brecol Ltd. (combined the holding companies for Motorpark Athlone) to Ireland’s largest motor car dealer group, Joe Duffy Automotive Ltd. The proposed transaction is subject to Competition Authority approval.
TERMS: Not disclosed