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New Deal


Announced

Completed

Sanabil Investments, Gulf Investment and Olayan Financing Company led a $35m Series C round in SellAnyCar.com.

Financials

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Transaction Value£26m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Single Bidder

Completed

car valuation

United Arab Emirates

Friendly

Cross Border

Private

sales services

Acquisition

Online and Social Platforms

Private Equity

Venture Capital

Minority

Synopsis

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Commercial investment companies Sanabil Investments, Gulf Investment and Olayan Financing Company led a $35m Series C round in SellAnyCar.com, a car buying service, with participation from iMENA Group, a venture capital investment company. SellAnyCar.com will use the funds raised to expand in the Kingdom of Saudi Arabia, where it already has a presence, and aims to open 100 branches in the Kingdom in the next two years.

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