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Announced

Completed

carsales.com completed the acquisition of the remaining 51% stake in Trader Interactive from Eurazeo and Goldman Sachs AM for $809m.

Financials

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Transaction Value£657m
Consideration TypeCash
Capital Owned49%
Capital Bid For51%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Majority

Friendly

Cross Border

Private Equity

Acquisition

Single Bidder

online marketplaces

E-commerce

United States

Completed

Synopsis

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carsales.com, the largest online marketplace in Australia focusing on the automotive, motorcycle, and marine realms, completed the acquisition of the remaining 51% stake in Trader Interactive, a provider of online market places and digital marketing products, from investment firms Eurazeo and Goldman Sachs Asset Management for $809m. "The first year of ownership has been very successful and we have strong conviction in the quality of the Trader Interactive business, the management team and its growth opportunities. Culturally, there is strong alignment between the carsales and Trader Interactive teams and we are excited to be working more closely together to execute on our strategic objectives." Cameron McIntyre, carsales Managing Director and CEO.

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