Parts Holding Europe (PHE) announces the approval of its Registration Document by the Autorité des Marchés Financiers (AMF), first stage of its IPO project on Euronext Paris. The approval of Registration document is the first step of an IPO of PHE shares on the market regulated by Euronext Paris. The completion of the transaction is subject to several conditions, including obtaining the approval by the AMF of the prospectus relating to the transaction and favourable market conditions.
Parts Holding Europe (PHE) is an integrated, omnichannel (B-to-B and B-to-C) and digital leader in the distribution of automotive spare parts in Western Europe, contributing to accessible and sustainable mobility. It is present in France, Belgium, Italy, Luxembourg, the Netherlands and Spain.
PHE is the leader in France with the largest independent distribution network for automotive parts, operating under the Autodistribution brand. PHE also owns Oscaro, the leading e-commerce platform for French market.
In 2018 PHE had suspended its first IPO plans due to a “cautious” market environment.
Now, however, they see the market differently.