IMO Car Wash acquired by Franchise Equity Partners
Franchise Equity Partners acquired IMO Car Wash, an United Kingdom, Germany, nine other European countries, and Australia car wash services brand, on Dec 2, 2025.
Transaction summary
- Target
- IMO Car Wash
- Acquirer
- Franchise Equity Partners
- Seller
- Driven Brands Holdings Inc.
- Announced
- 2025-12-02
- Geography
- United Kingdom, Germany, nine other European countries, and Australia
- Tags
- Car Wash ServicesConsumerConsumer Services
- Type
- Acquisition
- Deal type
- Control
- Stake acquired
- -
- First added
- 2026-10-04
- Latest update
- 2026-10-04
Value and multiples
100% enterprise value
EUR 406M
100% enterprise value | EUR
Basis: Public source
Reported price is assumed to be 100% EV unless stated otherwise. Partial-stake estimates are qualified in the basis notes.
Approx. $472M USD using FX date 2025-12-02 at 1.1614 EUR/USD.
EV / revenue
-
Period not stated
Basis: FundComb estimate
EV / EBITDA
-
EBITDA basis not stated
Basis: FundComb estimate
Amounts paid and other reported values
Original reported amounts and bases; a stake payment is distinct from the estimated whole-company valuation.
Consideration: EUR 411M
Approximately €411 million total aggregate consideration paid at closing; approximate amount.
Basis
- EUR 406m enterprise value is treated as publicly disclosed or derived directly from public source data.
- Valuation covers 100% of the target; the amount invested or paid for a stake is separate.
- The announced €406 million purchase price is based on IMO’s June 30, 2025 balance sheet and is treated as estimated whole-company enterprise value under FCR-211; the source does not explicitly label it enterprise value. The approximately €411 million closing consideration is reported separately and reflects a daily fixed-amount increase from July 1, 2025, to closing. No supported revenue, EBITDA, or multiples are available. No supported revenue, EBITDA, or valuation multiple disclosed in the cited public sources.
Source summary
Driven Brands Announces Agreement to Divest International Car Wash Business
ConfirmedUnder the terms of the agreement, Franchise Equity Partners will acquire IMO for € 406 million
Open sourceDriven Brands Announces Closing of Sale of International Car Wash Business
ConfirmedFranchise Equity Partners paid Driven Brands total aggregate consideration of approximately € 411 million.
Open sourceFranchise Equity Partners to Acquire IMO Car Wash from Driven Brands
ConfirmedThe transaction includes IMO's entire portfolio of 720 locations
Open source