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.”