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New Deal


Announced

PSG-backed Imaweb to acquire Procar.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Germany

Private

Majority

software solutions

Cross Border

Private Equity

Friendly

Software

Pending

Acquisition

automotive software

Synopsis

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Providence Strategic Growth-backed Imaweb, a independent developer and provider of automotive and dealership digital software solutions in Europe, to acquire Procar, a automotive digital software solutions provider in the DACH market. Financial terms were not disclosed. “Procar’s position as a market-leader in DACH, combined with the strength of our existing offering across Europe, will take Imaweb to its next phase of growth into a truly continental European player,” Julian Ciccale, Imaweb Co-Founder and Deputy CEO.

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