Hellman & Friedman completed the acquisition of AutoScout24 from Scout24 for €2.9bn.

Hellman & Friedman completed the acquisition of AutoScout24, an online platform for new and used cars, from Scout24, an operator of digital marketplaces for real estate and automobiles, for €2.9bn ($3.2bn). “We have assessed a number of options regarding the future of AutoScout24 with an open mind. Today’s transaction allows us to realize substantial value for Scout24 and its shareholders and to grow our market-leading platform ImmoScout24 further. We believe we have found the right new home for AutoScout24 in H&F, which is also in the best interest of our highly committed and motivated employees, as well as our customers, consumers and other stakeholders," Tobias Hartmann, Scout24 CEO.