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You are here: Home / News / Carlyle Group Makes Offer for Nationwide Accident Repair Services

Carlyle Group Makes Offer for Nationwide Accident Repair Services

April 1, 2015 By CollisionWeek Editor

UK-based operator of more than 70 collision repair centers, mobile and glass repair businesses and network services makes agreement with Carlyle subsidiary valuing the company at nearly $64 million.

Nationwide Accident Repair Services logoThe board of Nationwide Accident Repair Services plc (NARS), the UK-based accident repair and management company, announced an agreement for Canaveral Bidco Limited (CSP Bidco), a subsidiary of the The Carlyle Group, to acquire the entire ordinary shares of NARS for approximately £43.2 million ($63.9 million). Under the terms of the agreement, NARS ordinary shareholders will receive 100 pence in cash for each NARS share held.

NARS operates over 70 collision

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Filed Under: News Tagged With: Acquisitions, Carlyle Group, Nationwide Accident Repair Services, United Kingdom

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