Baird Advises LKQ $268 Million Acquisition of Sator Beheer

Transaction underscores Baird’s expertise in automotive aftermarket parts distribution space and the firm’s global reach

CHICAGO, April 25, 2013
Today’s announcement that LKQ Corporation (NASDAQ: LKQ) has agreed to acquire Sator Beheer BV (“Sator”), a leading distributor of auto parts, tools and equipment headquartered in Schiedam, the Netherlands, for approximately $268 million marks another successful transatlantic M&A deal for Baird, an employee-owned, international financial services firm. Baird acted as the sole financial advisor to LKQ on the deal, which is still subject to customary closing conditions. The sellers were H2 Equity Partners, a private equity firm, and Sator management.

The transaction underscores Baird’s expertise in the automotive aftermarket parts distribution space and the global reach of its M&A platform. In late 2011, Baird acted as the exclusive financial advisor to Euro Car Parts Limited, the leading U.K. aftermarket distributor of parts for cars and light commercial vehicles, in its sale to LKQ for up to $435 million. Today’s deal also marks the 14th Baird-advised M&A transaction involving a Netherlands-based firm.

Baird’s fully-integrated, international deal team was led by David Silver, Head of European Investment Banking, and Adam Czaia, Director.

“We are pleased to continue our partnership with LKQ on this acquisition,” said Czaia. “Baird’s Investment Banking group has worked with the company several times over the past few years in different capacities, and we are delighted to have provided a great outcome.”

Silver added, “This transaction illustrates what we believe to be the early stages of European consolidation in the automotive aftermarket parts distribution sector. The deal builds nicely on LKQ’s 2011 acquisition of Euro Car Parts.”

Established in 1998, LKQ Corporation is the largest North American source for quality recycled auto parts and the largest U.S. distributor of alternative collision replacement auto parts, with 2012 sales of more than $4.1 billion. Sator is the market-leading distributor of spare parts for the automotive aftermarket industry in the Netherlands, Belgium, Luxembourg and Northern France, and the parent company of eight operating subsidiaries. H2 Equity Partners is an independent private equity firm founded in 1991, with offices in Amsterdam, Cologne and London. H2 Equity Partners and Management acquired Sator in July 2009.

About Baird’s Investment Banking group
Recognized as the 2011 “Investment Banking Firm of the Year” by The M&A Advisor, Baird is a leading global investment bank focused on the middle market. Approximately 230 investment banking professionals in the U.S., Europe and Asia provide corporations, private equity and venture capital firms with in-depth market knowledge and extensive experience in merger and acquisition and equity financing transactions. Since 2008, Baird has advised on nearly 250 M&A transactions representing approximately $50 billion in transaction value and has served as lead or co-manager on 335 equity offerings raising approximately $98 billion. Baird has received “Deal of the Year” recognitions from The M&A Advisor for eight years running, demonstrating commitment to attaining great outcomes for clients.

About Baird
Baird is an employee-owned, international wealth management, capital markets, private equity and asset management firm with offices in the United States, Europe and Asia. Established in 1919, Baird has approximately 2,800 associates serving the needs of individual, corporate, institutional and municipal clients. Baird had more than $99 billion in client assets on Dec. 31, 2012. Committed to being a great place to work, Baird ranked No. 14 on FORTUNE’s 100 Best Companies to Work For in 2013 – its tenth consecutive year on the list. Baird’s principal operating subsidiaries are Robert W. Baird & Co. in the United States and Robert W. Baird Group Ltd. in Europe. Baird also has an operating subsidiary in Asia supporting Baird’s investment banking and private equity operations. For more information, please visit Baird’s web site at