MHA | MHA Corporate Finance Team lead the financial & tax due…

MHA Corporate Finance Team lead the financial & tax due diligence for the Dubai based AW Rostamani Group acquisition of nine West Way Nissan dealerships

November 4th 2022
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MHA Corporate Finance Team lead the financial & tax due diligence for the Dubai based AW Rostamani Group acquisition of nine West Way Nissan dealerships.

Dubai-based franchised car retailer AW Rostamani Group has broadened its UK footprint with the acquisition of nine West Way car retail sites from Nissan Motors GB. The acquisition by the Brayleys Cars shareholder follows the Japanese OEM’s decision to divest of its 13-site AM100 car retail operation in July this year, with other sites going to Glyn Hopkin and Hendy Group.

AW Rostamani Group has now acquired its midlands and northern sites, including Birmingham, Coventry, Stourbridge, Wolverhampton, Altrincham, Manchester, Oldham, Rochdale and Stockport, plus Head Office and group support functions.

Nissan said the transaction was completed at the end of October, with existing employees being transferred to the new investors.

Established in 1968, its automotive business, Arabian Automobiles, has been exclusive distributors for Nissan and its alliance partners Infiniti and Renault in Dubai and the Northern Emirates. 

Group Chairman, Khalid Al Rostamani said:

“We are very excited about the partnership between AWR Group and West Way Nissan, which comes as part of our on-going strategy to expand our portfolio in the UK."

"Being a partner of Nissan for many years with a strong, long-standing relationship, we are very pleased to be working together to bring our shared expertise and core values to the UK market.”

West Way Managing Director, Jon Roberts said:

“We are delighted to be able to share the news of the acquisition of West Way by such a prominent global partner as AW Rostamani Group.”

The MHA Finance team, led by Corporate Finance Partner, Rob Dando with Tax Partner Nathan Sutcliffe, Head of Automotive Steve Freeman, Head of Automotive Advisory Alastair Cassels and VAT Director Glyn Edwards, delivered both financial and tax due diligence services to help facilitate the transaction.

MHA Head of Automotive, Steve Freeman commented on the deal;

"I was delighted to have been approached by AW Rostamani for MHA to act for them on this exciting deal. Our Corporate Finance team led by Rob Dando and supported by our head of Automotive Advisory Alastair Cassels and our sector specialist team have carried out an excellent job."

MHA Corporate Finance Partner, Rob Dando commented on the deal;

"The MHA team and I are exceptionally proud to have advised on this acquisition for AW Rostamani, which continues their exciting growth and development strategy here in the UK. We are sure this partnership with Nissan will continue to flourish over the coming years and we look forward to working with AW Rostamani again in the future."

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