KKR, Blackstone Weighed Bids for Cary
Private equity firms have emerged as potential buyers for the European windscreen repair company Cary.
Updated on Oct. 6, 2026 in Business Strategy
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Investment firms KKR, Blackstone, and Warburg Pincus are considering acquisition bids for European auto repair business Cary. The company, which owns brands including Autoglass Clinic and National Windscreens, could be valued at over €3 billion in a sale.
Why it matters
The sale process highlights ongoing interest from large private equity groups in the automotive services sector as they seek stable, essential repair assets. The competition between traditional banks and private credit lenders for acquisition financing underscores the current liquidity environment for major European deals.
The potential sale of Cary is expected to command a valuation of at least €3 billion, which is approximately $3.4 billion. Banks and private credit providers are currently competing to secure financing arrangements for interested buyers.
The players
KKR
KKR is a global investment firm that manages multiple alternative asset classes, including private equity, energy, and infrastructure.
Blackstone
Blackstone is an American alternative investment management company based in New York City that specializes in private equity and real estate.
Cary
Cary is a European automotive repair company that provides windscreen services and vehicle bodywork across several Nordic and continental markets.
Jefferies
Jefferies is a global investment banking firm that provides advisory and capital markets services to corporations and institutional investors.
CVC Capital Partners
CVC Capital Partners is a leading global private equity firm that manages funds on behalf of institutional investors.
The details
CVC Capital Partners and Nordic Capital have hired Jefferies to manage the sale of the automotive repair and bodywork provider. The business operates a wide network across Europe under several banners, including Ralarsa and Dansk Busglas.
Timeline
CVC and Nordic began assessing strategic options for the business earlier this year.
First-round offers for Cary are expected to be submitted in the coming weeks.
Market Landscape
This potential acquisition reflects the broader rise of private credit in European leveraged buyouts, where non-bank lenders are increasingly competing with traditional institutions. By seeking these assets, firms like KKR and Blackstone continue to consolidate the automotive aftermarket service industry.
Customers who utilize repair brands like Autoglass Clinic or National Windscreens may not notice immediate changes, as such ownership transitions often focus on back-end operational scaling. However, consolidation in the repair market can eventually influence service availability or pricing structures across the region.
The takeaway
Large-scale acquisitions in the repair sector reflect investor confidence in the long-term demand for vehicle maintenance services. Consumers should remain aware that as private equity firms consolidate these service networks, the focus often shifts toward operational efficiency and standardized regional service models.
What happens next
First-round offers for the acquisition of Cary are expected to be submitted by interested parties in the coming weeks.
Further reading
For more on corporate developments, visit the Business Strategy section.
Source note: This article includes information reported by Private Equity Wire.
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