D'Ieteren Group, an investment company listed on the Euronext Brussels stock exchange and controlled by a family, agreed to acquire Parts Holding Europe, a provider of spare parts distribution and services for vehicles and trucks, from Bain Capital, a private equity firm, for €1.7bn. "Since 2015, and thanks to the commitment and support of Bain Capital, PHE has reached important milestones in its development. Today, we believe that the family holding company D'Ieteren Group will be the right investor for the company not only thanks to its entrepreneurial and long-term vision, but also by the proximity of its culture and its values. With the support of its new shareholder, the PHE Group could pursue, with managerial stability, its growth strategy and continue to offer its customers solutions for accessible and sustainable mobility. At the end of this project, the PHE Group would expand the portfolio of D’Ieteren Group activities," Stéphane Antiglio, Parts Holding Europe President.