Announced
Completed
Financials
Tags
Acquisition
Private
Friendly
E-commerce
Australia
commercial online auction
auto auction
consumer goods
Private Equity
online buying
online retail
industrial goods
Completed
Majority
industrial auctions
Single Bidder
Synopsis
Quadrant, an Australian private equity investment firm, completed the acquisition of Graysonline, an online retail and auction company and Areyouselling, Australia's largest online car, boat and motorbike buying company from Eclipx Group, an established leader in vehicle fleet leasing, fleet management, and diversified financial services for A$60m ($41m). “GraysOnline is one of the most significant e-commerce platforms in Australia with annual online sales valued at over $600m. With its significant e-commerce capabilities and iconic trusted brand and heritage, GraysOnline can provide a highly attractive and efficient online transaction-based offering to its growing number of suppliers and members," Justin Ryan, Quadrant Managing Partner.
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