Aramis Group - Acquisition of Onlinecars, the Austrian market leader for refurbished vehicle sales - Seite 3

Acquisition conditions

Aramis Group has made a commitment, subject to minor conditions precedent, particularly concerning antitrust aspects, to acquire all of the capital of Onlinecars. The founder and management team will continue to head up the company in order to successfully implement the integration plan drawn up as agreed with them. Earnout mechanisms have been put in place accordingly, with a timeframe of the end of the 2024 calendar year.

Onlinecars has been valued on multiples consistent with the target's profile and the current environment. The transaction is fully financed through an increase in Aramis Group’s credit lines with Stellantis, which will continue to be a powerful support to Aramis Group's development, accompanying its strategic international expansion and contributing to the financing of its operations.

Considering the acquisition’s provisional timeline, Onlinecars is expected to be consolidated by Aramis Group from the start of its 2022-23 fiscal year². Based on the business guidance for the current fiscal year (i.e. organic revenues of over €1.7 billion), pro forma for Onlinecars’ revenues, Aramis Group’s future scope will move towards the milestone of €2 billion of revenues per year, generated in five European countries.

Rothschild was Aramis Group's financial advisor on this operation, with Hoche Avocats providing legal advice.

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About Aramis Group

Aramis Group is the leading European B2C platform for online used car sales, operating the Aramisauto, Cardoen, Clicars and CarSupermarket brands, in France, Belgium, Spain and the UK respectively. The Group is transforming the used car market and harnessing digital technology to support customer satisfaction with a fully vertically integrated business model. For the first half of FY 2022, Aramis Group generated revenues of €873 million, sold more than 41,000 vehicles B2C, and recorded more than 40 million visits to its websites. At end-March 2022, the Group had more than 1,800 employees, a network of 60 agencies and four industrial refurbishing sites. Aramis Group is listed on Euronext Paris Compartment A (Ticker: ARAMI – ISIN: FR0014003U94). For more information, visit www.aramis.group.