Announced
Completed
Financials
Sources
Tags
Acquisition
Friendly
car auction marketplace
Domestic
Completed
Single Bidder
United States
Minority
Private
Online and Social Platforms
Private Equity
Synopsis
Chernin Group, an investment firm, completed the $37m investment in Cars and Bids, an online auction marketplace to buy and sell modern enthusiast cars. “It’s going to allow us to take Cars & Bids to the next level, let me refocus on making YouTube videos and get the help of a group of people who actually know what they’re doing,” Doug DeMuro, Cars and Bids Founder.
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