Sator’s management has also sold its stake to LKQ.
Financial services firm Baird acted as the sole financial advisor to LKQ.
Collision replacement parts distributor LKQ posted sales of more than $4.1bn last year. The acquisition of Sator follows LKQ’s takeover of Euro Car Parts Limited in late 2011 for $435m.
H2 Equity acquired a “controlling position” in Sator in 2009 for an undisclosed amount.
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