A report in The Daily Telegraph suggests that struggling component supplier Unipart Automotive may be acquired by LKQ Corp – the US-based firm behind Euro Car Parts.
A spokesman at ECP declined to comment.
The newspaper also linked a possible rescue package with Better Capital – a business turnaround fund. Better Capital has been responsible for the buyout of the UK division of Reader’s Digest magazine and for obtaining Fairline Boats in 2011. However, he may be best known to CAT readers as the man behind Alchemy Partners’ unsuccessful bid to buy MG Rover in 2000. The company ultimately went to the Phoenix Consortium.