Advance Auto Parts has agreed to sell Worldpac, an automotive parts wholesale distributor, to funds managed by Carlyle for $1.5 billion in cash. The transaction, announced Aug. 22, is expected to close before the end of the year. Raleigh, North Carolina-based Advance Auto was represented by a Hogan Lovells team. Carlyle, which is based in Washington, was advised by Latham & Watkins. The team was led by partners David Dantzic and Victoria VanStekelenburg.
Retail & Consumer Goods
August 23, 2024, 10:39 AM