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Bapcor Limited

ASX Announcements

Notification of cessation of securities - BAP

Appendix 3H (Notification of cessation of securities)

  • Oct 4, 2024
  • 4 pages

Notification of cessation of securities - BAP

Appendix 3H (Notification of cessation of securities)

  • Oct 4, 2024
  • 4 pages

Change in substantial holding

Change in substantial holding

  • Sep 25, 2024
  • 5 pages

Market Sensitive

Divestment of MTQ Engine Systems

Asset Disposal

  • Sep 20, 2024
  • 1 page

2024 Annual Report

Annual Report, Top 20 shareholders, Full Year Accounts, Full Year Audit Review, Full Year Directors' Statement, Full Year Directors' Report

  • Sep 17, 2024
  • 138 pages

View all BAP announcements

September

Angus McKay was the ceo of 7-Eleven Australia for eight years, and started on August 22 as the CEO of Bapcor, which runs the Autobarn, Autopro, Burson and Midas brands.

Autobarn owner’s new chief winds down McKinsey plan

The Better Than Before program resulted in an “unacceptable” profit decline, as analysts suggested any new bid needed to be above $6 per share.

  • Simon Evans

July

Genuine Parts Co operates 320 Repco stores in Australia and is a rival to Bapcor’s Autobarn, Burson and Autopro outlets.

Repco outshines takeover target Bapcor in weaker auto market

The chief executive of US giant Genuine Parts says the Repco business in Australasia is growing faster than the overall market, including against rival Bapcor.

  • Simon Evans

Bain refused to sign Bapcor’s NDA/standstill in return for engagement

If there are other buyers waiting in the wings, no-one’s putting their hand up or even threatening to.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Autobarn is one of the brands in the Bapcor stable. The group has rejected a $1.8 billion offer from Bain Capital.

Bapcor rejects Bain’s $1.83b offer, lures exec chair from 7-Eleven

The struggling automotive parts group also flagged an impairment, and said the private equity firm’s cash proposal did not reflect the value of the company.

  • Updated
  • Carrie LaFrenz

June

John Wylie’s Tanarra wants a higher bid for Bapcor.

Bapcor needs to rev Bain’s bid into an auction

After three profit downgrades, a private equity bid for Bapcor was always coming. But what price will secure the diamond in the rough?

  • James Thomson
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Bain offers $1.83b for Bapcor | Apple brings AI to iPhones | Cranbrook settles with former headmaster

Read everything that’s happened in the news so far today.

Bapcor was owned by private equity group Quadrant from 2011 to 2014 before listing on the ASX. It runs the Autobarn, Autopro and Burson brands.

Embattled Bapcor gets $1.83b buyout offer from Bain Capital

Shares in the company, which runs 1100 outlets under the Autobarn, Burson, Autopro and Midas brands, climbed 14 per cent after the proposal from the private equity group.

  • Simon Evans
Former Bapcor CEO Darryl Abotomey.

Former Bapcor CEO Darryl Abotomey canvassed by PE suitor Bain

Sources said Bain was among a number of private equity firms that had tested the interest of the former Bapcor boss in recent weeks. 

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Paul Dumbrell, who was CEO-elect of Autobarn and Autopro owner Bapcor, but didn’t take the job.

Suitor tinkers with car parts business Bapcor; eyes on Bain Capital

Sources pointed to Bain Capital as the would-be acquirer, and said that the inbound approach was made in recent weeks.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
SG Hiscock portfolio manager Hamish Tadgell, Tribecca portfolio manager Jun Bei Liu and Simon Mawhinney of Allan

Buying the dip? Seven trashed ASX stocks fundies are snapping up

Lovisa, Worley and Orora are among the recent laggards that fund managers have been buying at – what they believe – are rare discounts.

  • Joshua Peach

May

Bapcor was owned by private equity group Quadrant from 2011 to 2014 before listing on the ASX. It runs the Autobarn, Autopro and Burson brands.

Tanarra pushes for change at Bapcor after $100m buy-up

Bapcor, which runs 1100 outlets selling car parts under the Autobarn, Autopro and Burson brands, is in Tanarra Capital’s sights.

  • Simon Evans
Burson is a big brand which sells car parts to mechanics workshops. Parent company Bapcor is temporarily shutting three big distribution centres for two weeks in late June to prevent an inventory blowout.

Bapcor shuts big warehouses for two weeks to stop inventory blowout

The owner of Autobarn, Burson and Autopro has told car parts suppliers it won’t be taking any deliveries in late June at three large distribution centres in Victoria, Queensland and WA.

  • Simon Evans
Paul Dumbrell, who was CEO-elect of Atutobarn and Autopro owner Bapcor, but didn’t end up taking the job.

McKinsey program leaves Bapcor in a hole

Instead of delivering the $100 million in extra profits promised, the strategy overhaul has left the automotive giant in disarray and profits sliding.

  • Simon Evans
Bapcor was owned by private equity group Quadrant from 2011 to 2014. It runs the Autobarn, Autopro and Burson brands, with 1100 outlets.

Bapcor shapes as takeover target after share price rout

Macquarie says the Autobarn owner is a target after the 24pc plunge in its share price. It had private equity owners more than a decade ago.

  • Simon Evans
Paul Dumbrell, CEO-elect of Atutobarn and Autopro owner Bapcor.

‘Consumers pulling back’: Autobarn owner Bapcor in $500m wipeout

Shares in Bapcor, which runs 1100 stores under the Autobarn, Autopro and Burson banners, tumbled as much as 35 per cent after a hefty profit downgrade.

  • Simon Evans
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Former Bapcor CEO Darryl Abotomey still owns 1 million shares in the company he was ousted from in late 2021. He says the latest turmoil is “disappointing in the extreme”.

Ex-Bapcor boss braces for the worst after CEO no-show

“I should have sold a long time ago,” says former Bapcor CEO Darryl Abotomey, adding that it is disappointing to see the company go through more turmoil.

  • Simon Evans

April

Paul Dumbrell was due to take over as CEO of Bapcor on May 1, but has bowed out already. The former V8 Supercar driver won the 2012 Bathurst 1000 in NSW with Jamie Whincup.

Bapcor CEO-elect quits two days before taking job

Paul Dumbrell has pulled out of taking the top job as investors brace for a profit downgrade and one of the founders lashes out at the board.

  • Updated
  • Simon Evans

March

Thai Prime Minister Srettha Thavisin and Australian Prime Minister Anthony Albanese on Tuesday.

Thai PM wants Australia to slow car emissions plan

The Thai government says Prime Minister Srettha Thavisin urged Anthony Albanese to slow rollout of new emissions standards, but Australia insists the issue was not raised at ASEAN in Melbourne.

  • Updated
  • Phillip Coorey and Simon Evans

February

Paul Dumbrell, who will take over as CEO of Bapcor in May 2024. The former V8 Supercar driver won the 2012 Bathurst 1000 in NSW with Jamie Whincup.

Autobarn’s owner Bapcor spins its wheels with four CEOs in two years

Investment bank analysts are split on whether clients should be buying into the auto parts retailer and wholesaler. A new boss has his work cut out for him.

  • Simon Evans
Bapcor’s lost its market darling status and is hoping one of its former executives can help bring it back.

Fresh faces spring hopes of a market darling’s comeback

Bapcor has some terrific businesses, but the ASX-listed auto parts group as a whole hasn’t been firing for investors. Change is coming.

  • Anthony Macdonald

Original URL: https://www.afr.com/company/bap-8d