Apollo exited its minority stake in Autodoc, Europe's largest online retailer of car parts, after the Berlin group's founders bought back full ownership in a deal funded by a €530m leveraged loan. Apollo had entered the business in April 2024, acquiring approximately 15% at a €2.3bn equity valuation alongside institutional investors. The deal was structured through Apollo's Hybrid Value strategy, designed as a time-limited investment to professionalize governance and prepare for institutional capital markets or a possible flotation.

However, Autodoc delayed its planned listing due to volatile markets and renewed geopolitical tensions early in 2026, opting instead to access debt markets for the first time with a seven-year term loan to fund the buyback. With the transaction closed, the two Apollo representatives on Autodoc's supervisory board will step down, leaving a board composed of the three founders and three independent members. Founded in Berlin in 2008, Autodoc now offers around 7.8m products from roughly 2,700 manufacturers and operates online shops across 27 European countries, employing more than 5,500 people.

It generated sales of €1.8bn in 2025, up from €1.6bn a year earlier, and had grown net revenue at a 26% compound annual rate over the five years to 2023, when it reported adjusted earnings of €130m. Jeremy Honeth, Partner, Hybrid Value at Apollo, stated it had been a privilege to partner with the founders during this transformative period.