I was introduced to YES via ABN AMRO Bank to realize 'the next step' for the AVN Group. YES has helped me to answer many questions and overcome the necessary hurdles. This has resulted in a great collaboration with VWE Automotive and the sale of the AVN Group, which I am very happy with!"Wierd MeijeringFounder AVN Group
From left to right: René van den Anker (AVN), Hidde Schipper (YES CF), Wierd Meijering (AVN), Arjan Boonekamp (YES CF), Nathalie van Woerkom (AKD), Valéry Schaap (AKD)
YES Corporate Finance (“YES CF”) has advised the founder of AVN Group B.V. (“AVN”), Wierd Meijering, on the successful sale of its shares to VWE Automotive B.V. (“VWE”). The companies will join forces.
AVN Group is an umbrella name with the following entities: Autoveiling.nl, Autoinspectie.nl and AVN Remarketing. AVN focuses on supporting buyers and sellers of used vehicles (including passenger cars and light commercial vehicles). For the sale and remarketing of vehicles, AVN uses a state-of-the-art IT platform and offers various additional services. At Autoveiling.nl, hundreds of cars are sold every week in various auctions throughout Europe. Autoinspectie.nl is an expert in inspecting and valuing vehicles and rolling stock. AVN Remarketing offers fleet managers the opportunity to inspect, manage, auction and handle vehicles themselves. See also www.autoveiling.nl, www.autoinspectie.nl,www.avnremarketing.eu and www.thecarauction.eu.
Wierd Meijering about the collaboration with VWE:
According to Wierd Meijering, VWE is the perfect partner. “Over the past 20 years, I have been able to realize an autonomously grown customer portfolio together with my colleagues with a lot of ‘struggle, passion and pride’. Now it is time for AVN to take the next step and in combination with VWE we can make progress quickly.”
VWE Automotive has been a business service provider for the automotive industry for over 40 years. As an RDW provider, VWE provides car companies, lease companies and fleet owners, consumers and data companies with smart online tools, real-time market figures and vehicle information. Supplemented with knowledge of laws and regulations, VWE offers the customer convenience and support in its business processes. From RDW services and export services to management information and remarketing services. See also www.vwe.nl
Piet Renses, CEO of VWE:
“VWE has developed strongly in recent years as an international player in the field of online demand and supply for vehicles. Within this market, VWE holds a unique position with the (international) car company. Together with AVN we can support our customers even better. Think, for example, of finding the right stock for all car companies that we jointly serve.”
Role YES Corporate Finance
YES Corporate Finance has advised and assisted AVN throughout the sale process. The activities executed by YES CF include, but are not limited to:
- Drafting sales documentation and coordinating information exchange
- Coordinating the due diligence process
- Deal structuring
- Negotiation on sales price and conditions (including term sheet and SPA)
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