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Announced

Bitauto Holdings to merge with Yiche Holding.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For89%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Acquisition

Cross Border

Friendly

Cayman Islands

Private

Merger

Single Bidder

Software

Pending

Private Equity

Synopsis

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Bitauto Holdings, a leading provider of internet content & marketing services, and transaction services for China's automotive industry, agreed to merge with Yiche Holding. Financial terms were not disclosed. Bitauto Holdings will be acquired by an investor consortium led by Tencent Holdings-backed Morespark and Hammer Capital in an all-cash transaction.

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