Old Mutual in automotive retailer exit
Carlyle, advised by Alterra Capital Partners, in partnership with Old Mutual Private Equity (OMPE), today announced an agreement to sell TiAuto Investments, the pre-eminent multi-brand retailer and wholesaler of tyres, wheels, batteries and automotive products, which operates through their Tiger Wheel & Tyre and Tyres & More stores, to Japan’s Marubeni Corporation, a large, Tokyo-listed global trading and investment conglomerate.