Sojitz Corporation – acquisition of Dutton Group
Miles Advisory Partners advised the shareholders of Dutton Group on the sale of the business to Sojitz Corporation.
Transaction Details
Sector
Consumer
Miles Role
Sell-side advisor to the shareholders of Dutton Group
Deal Type
Business Divestments
Year Completed
2023
Contacts for this Transaction
Lloyd Way
Managing Director
David Leung
Vice President
Overview
- Dutton is the largest pure-play operator in the used car market in Australia
- Its unique vertically integrated model from sourcing and selling cars is unrivalled and highly scalable
- The business caters to the entire car market, through its three-tiered retail brand structure
- Dutton One – Wide range of prestige European cars
- Auto Mega Warehouse – No frills, family and commercial
- Dutton Garage – Luxury and prestige
- The transaction provides Sojitz with a scalable Australian platform, with the objective of optimising commercial processes across the B2C retail and C2B sourcing segments, leveraging Sojitz’s proprietary digital transformation capabilities
Industry Context
The transaction reflects the ongoing consolidation of the Australian automotive sector, underpinned by strong population growth and highly profitable used vehicle operations. For Sojitz, the acquisition represents a strategic step in expanding its automotive footprint beyond existing geographies, diversifying its global portfolio and advancing investment in its digital capabilities
Further information on this transaction is available at: Sojitz Press Release
.jpg)