M&A Deal Summary |
|
---|---|
Date | 2022-02-24 |
Target | ADESA |
Sector | Business Services |
Buyer(s) | Carvana |
Sellers(s) | KAR Global |
Deal Type | Divestiture |
Deal Value | 2.2B USD |
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Category | Company |
---|---|
Founded | 2012 |
Sector | E-Commerce |
Employees | 16,600 |
Revenue | 13.6B USD (2022) |
Carvana offers a consumers an intuitive and convenient online automotive retail platform, with a fully transactional website that enables consumers to quickly and easily buy a car online, including finding their preferred vehicle, qualifying for financing, completing the purchase and loan with signed contracts, and receiving delivery or pickup of the vehicle from one of Carvana’s proprietary automated Car Vending Machines. Carvana was incorporated in 2012 and is headquartered in Tempe, Arizona.
DEAL STATS | # |
---|---|
Overall | 3 of 3 |
Sector (Business Services) | 1 of 1 |
Type (Divestiture) | 1 of 1 |
State (Indiana) | 1 of 1 |
Country (United States) | 3 of 3 |
Year (2022) | 1 of 1 |
Size (of disclosed) | 1 of 2 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2018-04-17 |
Car360
Atlanta, Georgia, United States Car360, Inc. is a software that offers 3D modeling and interactive visualization solutions for the automotive industry. Car360, Inc. was founded in 2012 and is based in Atlanta, Georgia. |
Buy | $7M |
Category | Company |
---|---|
Founded | 2006 |
Sector | Business Services |
Employees | 3,960 |
Revenue | 1.5B USD (2022) |
KAR Global provides sellers and buyers across the global wholesale used-vehicle industry with innovative, technology-driven remarketing solutions. KAR Global’s unique end-to-end platform supports whole car, financing, logistics, and other ancillary and related services. Its integrated physical, online and mobile marketplaces reduce risk, improve transparency, and streamline transactions for customers in more than 80 countries. KAR Global was formed in 2006 and is headquartered in Carmel, Indiana.
DEAL STATS | # |
---|---|
Overall | 2 of 2 |
Sector (Business Services) | 1 of 1 |
Type (Divestiture) | 1 of 1 |
State (Indiana) | 1 of 1 |
Country (United States) | 2 of 2 |
Year (2022) | 1 of 1 |
Size (of disclosed) | 1 of 1 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2021-08-23 |
CarWave
Escondido, California, United States CarWave is an online automobile auction platform that simplifies the wholesaling of trade-in and frontline vehicles between franchise and independent auto dealers. CarWave was founded in 2009 and is based in Escondido, California. |
Buy | $450M |