Repco

www.repco.com.au

Archer Capital co-led the acquisition of Repco from Pacific Dunlop Ltd in September 2001. Repco is the leading automotive aftermarket parts and accessories wholesaler and distributor in Australia and New Zealand supplying trade repairers, OEM dealers and retail customers. The business was operationally re-shaped in the first 12 months of ownership, with IT functions reinstated and service levels improved to regain lost share, distribution centres rationalised, the wholesale division sold and excess working capital identified and eliminated. Cash generated in the first 12 months enabled a recapitalisation that returned to investors the equity invested originally. Archer realised its investment in Repco via a listing on the Australian Stock Exchange in November 2003.