Belron is pleased to welcome its new shareholders Hellman & Friedman, BlackRock Private Equity Partners and GIC to the company following today’s announcement that they have completed the acquisition of a combined stake of 16.8% in Belron, up from the 13% shareholding anticipated in the announcement of 12 July 2021.
Commenting on the completion of the share sale, Gary Lubner, Belron Chief Executive, said:
“We look forward to working with our new shareholders and thank them for the confidence that their investment demonstrates in us. Our partnership with our existing shareholders D’Ieteren and Clayton, Dubilier & Rice (CD&R) has been productive and supportive, and we anticipate working in a similarly positive manner with shareholders in the future. We continue to invest in and grow the business for the long term based on our values, our strong commitment to excellence and our determination to provide customers with a first-class service. We are well positioned to benefit from the structural growth in the market coming from increasing windscreen technology and complexity.”
ENDS
For further inquiries, please contact:
Citigate Dewe Rogerson
Chris Barrie
Angharad Couch
Tel: +44(0)20 7638 9571
About Belron:
Operating in 41 countries across 6 continents through wholly owned and franchise operations, Belron is home to around 27,000 employees who served 14.9 million customers in 2020. Belron is the world’s leading vehicle glass repair and replacement group. Our key brands include Carglass®, Safelite® AutoGlass, Autoglass®, Lebeau®, O’Brien®, Smith&Smith® and Speedy Glass®.
Belron is a global leader in vehicle glass repair, replacement and recalibration.