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New Deal


Announced

Completed

TowerBrook Capital Partners completed a $120m investment in CarTrawler.

Financials

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Transaction Value£89m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Ireland

Friendly

mobility solutions

Private Equity

Private

Single Bidder

Completed

car rental

Transportation Services

Majority

Acquisition

Synopsis

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TowerBrook Capital Partners, an international investment management firm, completed a $120m investment in CarTrawler, a B2B provider of car rental and mobility solutions, from BC Partners and Insight Partners, two private equity firms. "We welcome the opportunity to support a business that employs hundreds of people and provides a valuable service to the travel industry. The lockdown measures implemented in response to Covid-19 have presented enormous challenges, even for well managed and attractively positioned companies like CarTrawler. However, the Company’s value proposition is, if anything, even more relevant post-Covid-19 than before. CarTrawler’s management, breadth of relationships and positioning provide an excellent platform to serve its customers and achieve its long-term growth ambitions as the travel market recovers," Gordon Holmes, TowerBrook Managing Director and Chief Investment Officer.

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