Driven Brands sells international car wash for €406M; updates FY2025 outlook

Driven Brands Holdings Inc.

Purchase price €406M (locked-box); daily ticker from July 1, 2025 to close.
Transaction expected to close Q1 2026, subject to regulatory approvals; proceeds to pay down debt.
Pro forma net leverage reduced ~0.3x; company targets 3x net leverage by end-2026.
FY2025 continuing ops outlook: revenue ~$1.85-1.87B, adj. EBITDA $445-455M, adj. EPS $1.18-1.23.
International car wash reclassified to discontinued operations from Q4 2025.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Driven Brands Holdings Inc. entered into Purchase Agreement with Neptune Acquisition Bidco Limited valued at approximately €406 million (effective 2025-11-27).

Action: entry
Agreement: asset purchase
Counterparty: Neptune Acquisition Bidco Limited
Value: approximately €406 million
Effective: 2025-11-27

Exact text from the filing

On November 27, 2025, Rose MidCo Limited and Boing Acquisitions Limited, both wholly owned subsidiaries of Driven Brands Holdings Inc. (the "Company) (the "Sellers") entered into a share purchase agreement (the "Purchase Agreement") with Neptune Acquisition Bidco Limited (the "Purchaser"), pursuant to which, among other things, the Purchaser has agreed to purchase all of the outstanding equity interests in IMO Car Wash Group Limited and 5.01% of equity interests in IMO Autopflege GmbH, indirect wholly owned subsidiaries of the Company that own and operate the Company’s international car wash business (the "Business", and such transaction, the "Transaction").

View on SEC.gov

38 material agreements filed in the last 30 days. Browse all material agreements →

Driven Brands Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001193125-25-304428

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.