Hellman & Friedman-backed AutoScout24 to acquire TRADER from Thoma Bravo.

Hellman & Friedman-backed AutoScout24, an online automotive marketplace, agreed to acquire TRADER, a technology company based in Toronto specializing in classified automotive advertising, from Thoma Bravo, a private equity and growth capital firm. Financial terms were not disclosed. "I am delighted to welcome the TRADER Canada team and its leading brands to the AutoScout24 family. TRADER Canada's impressive long-term track record, clear position as Canada's most important automotive marketplace, and comprehensive expertise in dealer software and fintech solutions speak for themselves. This acquisition strengthens AutoScout24's position as a leading global online automotive marketplace and will help accelerate the growth of both platforms. As a result, we will offer our customers, trade partners, OEMs, and financing partners in Europe and Canada better services and more innovative solutions," Peter Brooks-Johnson, AutoScout24 CEO.