Open Road Capital

Open Road Capital assembled a team of long-term auto professionals to form a new player in the dealership arena to investing equity capital in automotive retail. As partners with Bain Capital Credit, the company seeks to deploy approximately $1 billion into the sector. The company will invest as little as $20 million into a transaction and there is... no practical upper limit to the size of transaction the company will support. The company will purchase up to 100% of a group of stores in partnership with another dealer, but prefer to own no more than 70% of a partnership with the company's partners who oversee the stores. The company will invest and hold a minority stake as well. Open Road has a long-term outlook and is structured as an "evergreen" entity, allowing the company to stay with the company's partners indefinitely or structure an eventual sale back to the company's partners. The company's approach has been embraced by most of the leading OEMs.Read More