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Oakley Capital to Acquire Steer Automotive Group
- Client News
- January 16, 2024
Paul, Weiss is advising leading pan-European private equity investor Oakley Capital in its conditional agreement to invest in Steer Automotive Group, the UK’s largest and fastest-growing independent collision repair group. Financial terms of the transaction were not disclosed.
Steer Automotive has expanded through 18 acquisitions, establishing a network of over 100 repair centers, and represents approximately 5% of the UK repair market.
The Paul, Weiss team is led by corporate partners Neel Sachdev and Kanesh Balasubramaniam, and includes tax partners Timothy Lowe and Cian O’Connor.