Apax Partners completed the $550m investment in KAR Global.

Apax Partners completed the $550m investment in KAR Global, a global vehicle remarketing and technology solutions provider. The investment was done with participation by Periphas Capital. "KAR is an internationally recognized leader in wholesale remarketing with a strong track record of innovation. The company’s market leading digital platforms and investments in data analytics uniquely position them to thrive in the new digital normal. We look forward to partnering with KAR’s progressive and entrepreneurial management team to transform their industry and drive long-term value for all stockholders," Roy Mackenzie, Apax Partner.