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New Deal


Announced

Completed

Chernin Group completed the $37m investment in Cars and Bids.

Financials

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Transaction Value£29m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Acquisition

Friendly

car auction marketplace

Domestic

Completed

Single Bidder

United States

Minority

Private

Online and Social Platforms

Private Equity

Synopsis

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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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