Motor Parts Direct is the largest independent car parts supplier in the UK. Founded in 1999 by Mukesh Shah, the business has grown significantly to over 1,700 staff, working across circa 175 branches. The business grew during Covid-19, delivering £156million in FY21 up from £115million in 2020.
We provided a multi-service line solution, collaborating across corporate finance advisory, vendor due diligence (financial and tax), tax advisory, and financial modelling teams to deliver a successful outcome for the shareholders.
We worked closely with the shareholders to understand their ambitions for a transaction and led an extensive preparation phase to ensure the business was “transaction ready”. We ran a tailored dual-track process, primarily focusing on international parties utilising our international network supplemented by partners across key territories and generating strong international interest. We delivered a result that was aligned with shareholder objectives and allowed for a clean exit.
Our corporate finance advisory team then worked tirelessly with all parties, resolving complex transaction issues with pragmatic solutions, to deliver against a tight timetable and secure a fantastic overall outcome for the shareholders.
The Grant Thornton team delivered a fantastic outcome for the shareholders. Mike, Ryan and the team were with the team at every step of the journey and provided clear strategic advice throughout. This helped us to navigate complex issues in a pragmatic and commercial manner. We would not hesitate to recommend the team in the future.
Mukesh Shah Founder and Chairman, Motor Parts Direct
