PRINT THIS PAGE CVC could get up to €1bn for car parts repair specialist Kwik-Fit21/02/2005. Source: AltAssets. 
 European buy-out firm CVC Capital has been told by investment banks that Kwik-Fit could fetch between €750m and €1bn if auctioned, the Financial Times reported. CVC bought the company from Ford for £350m in 2002.
Kwik-Fit specialises in automotive parts repair and replacement, especially tyres, exhausts and brakes, and MoT testing.
CVC is currently considering different exit options for its investment in Kwik-Fit, including refinancing or an IPO, but the firm seems to prefer a sale, either to another buy-out group or to a strategic buyer.
CVC specialises in large-scale leveraged buy-outs and currently has total funds of over $9bn under management. The firm is expected to launch a new buy-out fund later this year.
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