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New Deal


Announced

Autohome to acquire iCar Asia from Catcha Group for c. A$216m.

Financials

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Transaction Value£119m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Malaysia

Cross Border

Scheme

Friendly

auction platform

Public

Acquisition

Online and Social Platforms

Private

Pending

Private Equity

Synopsis

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Autohome, an online destination for automobile consumers in China, offered to acquire iCar Asia, the owner of Carlist.my, for c. A$216m ($150m). “The company has witnessed a strong recovery in Q3 2020 in all 3 operating countries. We will continue to focus on building and evolving the quality of the core proposition of iCar, and partnering with our customers to help drive their businesses recovery,” Hamish Stone, iCar managing director and CEO.

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