Unitas patches up Australian auto parts firm
It seems counter-intuitive for a private equity firm to invest in inventory - if anything, they are known in the West for cutting working capital post-buyout - but this is what Unitas Capital did on acquiring Exego, a car parts supplier that operates under the Repco brand across Australia and New Zealand.
"When you look at the business, a mechanic has a customer with a car on a hoist and they need the replacement part as soon as possible," explains John Lewis, the private equity firm's CEO. "The mechanic...
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