Japanese giant Sojitz swoops on CPE Capital’s prestige car biz Dutton

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It was selling 25,000 vehicles a year across its two divisions; Australian prestige, which is a vertically integrated trader and re-marketer of prestige used cars, and Dutton Garage, which is a bespoke, classic and super-luxury car retailer. It had a large retail footprint with 16 showrooms nationally and was also selling cars online.

Dutton’s holding company, Albert Automotive, recorded revenues of $1.12 billion in the year to December 31, up from $851 million in 2021. Net…

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