Kwik-fit sold off for £800m
CVC has announced it will sell Kwik-Fit to Speedy 1 Limited, a company controlled by PAI partners, for £800 million. The basis and terms of the proposedtransaction have been agreed subject to certain regulatory and other approvals.
Founded in 1971, Kwik-Fit has steadily grown through acquisitions and new centre openings tobecome the European leader in fast-fit automotive services. The Kwik-Fit network encompasses1,685 centresOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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