Autosports Group IPO by UBS

Does anyone know much about this firm. Looks good I suppose.

Brokers sink teeth into float candidate Autosports Group

by Sarah Thompson Anthony Macdonald Joyce Moullakis
European cars could be a tax write-off for a handful of lucky stockbrokers this year with Audi and Mercedes-Benz dealer Autosports Group considering an ASX-listing.
Street Talk understands brokers have been putting their European car knowledge to the test in recent weeks, preparing pitches for Autosports' slated initial public offering.
It's understood the car dealer is already working with financial adviser Luminis Partners on the listing plans and is targeting a stockmarket debut later this year.
Autosports is one of the countrys largest private car dealership groups with 17 retail businesses throughout Sydney and Brisbane.
The company specialises in Volkswagens, Audis, Fiat Chryslers and the like, while Autosports' owners Sydney businessman Ian Pagent, his son Nick Pagent and business partner Dwyer Ogle.
Should it come to market, small cap fund managers are likely to compare it to listed car dealership heavyweights AP Eagers and Automotive Holdings, which trade at up to 20-times current year profit.
The potential listing comes at an interesting time for the IPO market. While the window is open and it's prime-time for fund managers to set aside some time studying new stocks, there seems to be fewer floats out on the road compared to the same time last year and in 2014.

UBS hitches a ride on Autosports Group IPO
THE AUSTRALIAN4:07PM JUNE 15, 2016
UBS has landed a role on the initial public offering of Autosports Group, the Sydney-based car dealership that specialises in top brands like Audi and Mercedes-Benz.
As reported this in The Australian’sBusinessNow blog, the Swiss bank’s appointment comes after the boutique advisory shop, Luminis Partners, was drafted in to engineer a float earlier this year.
So far, despite the latest outbreak of volatility on stock markets, investors anticipate Autosports Group is in for a smooth drive to the boards.
New vehicle sales are booming, due in part to benign borrowing costs and the keen appetite of business buyers.
Last year ranked as a record year for new car sales with 1.15m sold, a rise of 3.8 per cent on 2014.
All the signs indicate this year’s performance will be even stronger with fresh figures from the Federal Chamber of Automotive Industries showing new vehicle sales have jumped by 3.8 percent in the first five months of 2016.