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New Deal


Announced

Completed

Vroom completed the acquisition of United Auto Credit for $300m.

Financials

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Transaction Value£220m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Single Bidder

Friendly

automotive finance

Domestic

Acquisition

Consumer Lending

Private

Majority

Completed

Synopsis

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Vroom, an online automotive retailer, completed the acquisition of United Auto Credit, a company which provides automotive finance, for $300m. "Building out a captive finance business that allows us to service customers across the credit spectrum is an integral part of our commitment to providing an end-to-end ecommerce solution to our customers and creates significant potential for both enhancing aggregate gross profit and improving customer satisfaction," Paul Hennessy, Vroom CEO.

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