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New Deal


Announced

Cerberus completed the acquisition of a 80% stake in Off Lease Only.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For80%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

United States

used car dealership

Pending

Specialty Retailers

Acquisition

Private

Single Bidder

Friendly

Private Equity

Synopsis

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Cerberus Capital Management, a mid-market private equity firm completed the acquisition of an 80% stake in Off Lease Only, a used car dealership. Financial terms were not disclosed. Off Lease Only founders Mark and Eileen Fischer will maintain 20% ownership of the company and will continue to provide strategic direction and support. “We look forward to working with Mark, Eileen, and their talented team to expand the Company’s footprint and further strengthen the business through strategic investments and the integration of operations and technology initiatives," Scott Wille, Cerberus Co-Head of Private Equity and Senior Managing Director.

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