Subscribe to unlock this article
Thanks for your support.
Old Georgian Ventures (OGV), an international US/Dutch investment group focused on long-term value creation and operational development, led by Jahanzeb Pirvani and Shahzad Pirvani, has completed its first acquisition with the buyout of Quickpoint. The transaction was backed by several SF investors, including JB46, TTCER Partners, Scipio Holding, and Legacy Partners, among others. Monte Debt Advisory arranged the financing for the transaction.
Founded in 1993, Quickpoint is a leading national aftermarket chain comprising 31 auto repair and maintenance workshops and more than 150 employees, including trained mechanics, tire technicians, and apprentices, across Denmark. Since 2019, the company had been part of the Danish Wismo Group, one of the largest car importers in the Nordic region.
In 2024, Wismo Group was acquired by Global Auto Holdings Limited (GAHL), which introduced a new strategic focus that led to the decision to initiate a divestment process for Quickpoint.
“Since Wismo’s acquisition in 2019, Quickpoint has continuously improved its operating results, driven by a strong employee organization and highly competent management,” says Kenneth Hansen, CEO of Wismo Group. He continues: “Today, the business is characterized by disciplined cost management, consistent performance management, and an efficient operating model that has become an integral part of Quickpoint’s DNA. After several years of optimizing the existing business, Quickpoint is now entering the next phase of development, focused on significant expansion through new workshops. The continued development of Quickpoint requires a different strategic focus from Wismo Group’s long-term strategy. If Quickpoint is to realize its full growth potential and take the next step, it requires ownership where the company’s further development is an active and central part of the owners’ strategy. This falls outside the scope of Wismo’s current strategic objectives, and therefore the divestment process was approved following GAHL’s acquisition of Wismo Group.”
Under OGV, Quickpoint plans to scale significantly, initially focusing on expanding its workshop network through acquisitions. The company will continue operating under the same name, with no changes to management or employees.
“Quickpoint’s success is built on a strong organization and an operating model that delivers results in practice. In recent years, we have invested purposefully in our employees, who play a crucial role in the results we have achieved. Our employees are Quickpoint’s greatest strength and the foundation upon which we will build the next phase of growth. The business has been optimized, and we are now ready to take the next step together with an owner capable of accelerating future growth,” says Tim Søndergaard, CEO of Quickpoint.
M&A (seller): Atrium Partners / Legal (seller): Accura / Tax: Grant Thornton Advisors / Legal (buyer): Poul Schmith
