Autodoc raises €580M in first debt deal to fund founder-linked buyback
What's the deal? AutodocDealroom has a profile for this one. Try Dealroom →, Europe's largest online automotive parts platform, has raised €580 million in its first institutional debt issuance. The financing comprises a €530 million Term Loan B and a €50 million revolving credit facility.
Where's the money going? Proceeds will fund a share repurchase of Autodoc SE by entities owned or controlled by Apollo-managed funds, plus related fees. The deal also restructures the group: Autodoc Holding SE becomes the new parent, wholly owned by AutoTechDealroom has a profile for this one. Try Dealroom → GmbH & Co. KG, the investment vehicle of the three founders.
By the numbers: The Term Loan B carries a 7-year tenor at EURIBOR +3.50%; the revolving facility runs 6.5 years at EURIBOR +3.00%. Moody's rated the term loan Ba3 (stable), and S&P assigned B+ (positive).
The company: Autodoc posted 2025 revenue of €1.8 billion. It runs 27 European online shops across 13 locations, with about 7.8 million SKUs and over 5,500 employees.
What's the endgame? The company said an IPO is "on the agenda depending on market conditions." The new holding structure and cleaner capital base position it for that step.
The signal: At €580 million, this ranks among the larger debt raises in its category — roughly the 90th percentile for German transportation debt deals over the past four years. It marks a shift toward institutional debt markets for European e-commerce scaleups preparing for public listings.
Read more: Wall Street Online
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