Aurelius acquires Hellanor from Nordic Forum Holding.

Hellanor, a Skytta (Oslo), Norway-based automotive aftermarket wholesaler, announced that Aurelius, a Munich-based asset manager, acquired the company.

The deal, which has financial details undisclosed, was made by Aurelius fund, AURELIUS Equity Opportunities SE & Co. KGaA, with the actual owner, Nordic Forum Holding A/S, a 100% subsidiary of HELLA GmbH & Co. KGaA. The transaction is scheduled for completion in the fourth quarter of 2018.

Hellanor is the second-largest automotive aftermarket wholesaler in Norway, and works typically with automotive workshops, car dealerships and local wholesalers,providing them with spare parts from its central warehouse in Skytta as well as from 19 branches across the country.

In addition, Hellanor offers workshop franchise concepts to its clients under its own AutoMester brand as well as for third-party concepts such as Bosch Car Service. Within its AutoMateriell business segment Hellanor supplies workshop equipment of leading equipment OEMs such as JohnBean and MAHA.

Hellanor has about EUR 70M ($79M) in revenues and 250 employees.