ADVISED ON SALE OF COMPANY

Automotive

C.I.A.K. Auto d.o.o.

Leading distributor of car parts Croatia

Acquired 100% of Business Operations

Lukena Avtodelovi d.o.o. Skopje; Lukena-Auto doo Beograd

Distributor of automotive spare parts Macedonia (the former Yugoslav Republic of), Serbia

Advised Lukena Avtodelovi d.o.o. Skopje and Lukena-Auto doo Belgrade on sale to C.I.A.K. Auto d.o.o.

Overview

Lukena-Auto doo Belgrade, founded in 2007, operates on the Serbian market in 7 business units and with 50 employees, generating revenue of EUR 5 million.

Lukena Avtodelovi d.o.o. Skopje, founded in 2009, operates on the market of North Macedonia in 2 business units and with 20 employees, generating revenue of EUR 2 million.

Both companies are members of the Auto Milovanović group, operating on the markets of B&H, North Macedonia and Serbia. The group has 300 employees, five warehouses and 27 retail locations.

Unique Selling Points

-       Strong market position in Serbia and North Macedonia.

-       Strong relationship with workshops and high customer loyalty.

-       Wide private label portfolio.

The Investor 

With 20 years of experience in the world of car parts in the Croatian and neighbouring markets, CIAK Auto is among the largest distributors of car parts and equipment. The company offers over 1,500,000 items for passenger and commercial vehicles, which includes a wide array of oils and lubricants, tires, car equipment, and car batteries. CIAK Auto is a member of AD International, a group that brings together over 500 wholesale distributors from 33 countries. The company has more than 1400 employees and annual turnover of  EUR 130 million.

Taking into account the core activities of CIAK Group, the acquisition of Auto Milovanović d.o.o. and its sister companies is a step forward to strengthen CIAK Group’s portfolio. With this transaction, CIAK Group becomes of the leading companies in the segment of independent aftermarket in B&H, strengthens its position and network of business units in the Serbian market, and opens a completely new market in North Macedonia in the independent aftermarket division.

The Deal

IMAP SEE was the exclusive transaction advisor to the owners of Lukena Avtodelovi d.o.o. Skopje i Lukena-Auto doo Beograd in the sale of majority share in the Company.