(Adds details on deal)
Nov 30 (Reuters) - Australian automotive parts maker GUD Holdings (GUD) said on Tuesday it would buy vehicles accessories maker AutoPacific Group for about A$744.6 million ($531.42 million) from private equity firm Pacific Equity Partners.
The acquisition will add four-wheel drive accessories and trailers business in Australia and New Zealand to GUD's portfolio, and is expected to add low double-digit pro forma earnings for full-year 2022.
The Victoria-based automotive parts maker said https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02459732-3A582455?access_token=83ff96335c2d45a094df02a206a39ff4 it will fund the acquisition through a combination of a A$405 million capital raise, A$282 million of debt and issue of new shares worth A$75 million.
The deal is subject to limited conditions and expected to be completed by January next year, GUD added. ($1 = 1.4011 Australian dollars) (([email protected]; Twitter: https://twitter.com/sameer_manekar))
News: GUD UPDATE 1-Australia's GUD Holdings to buy AutoPacific Group for $531 mln
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