M&A Deal Summary

Guardian Media Group Acquires Auto Trader Group

On April 7, 2003, Guardian Media Group acquired internet software and services company Auto Trader Group from BC Partners and Montagu

Acquisition Highlights
  • This is Guardian Media Group’s 1st transaction in the Internet Software and Services sector.
  • This is Guardian Media Group’s 1st transaction in the United Kingdom.
Investment Fate
  • Auto Trader Group was sold to a financial buyer in 2007 for 1.4B GBP.
  • Auto Trader Group was sold to a strategic buyer in 2007 for 1.4B GBP.
  • Auto Trader Group went public in 2015.

M&A Deal Summary

Date 2003-04-07
Target Auto Trader Group
Sector Internet Software and Services
Buyer(s) Guardian Media Group
Sellers(s) BC Partners
Montagu
Deal Type Add-on Acquisition

Target

Auto Trader Group

Manchester, United Kingdom
website
Auto Trader Group is a publisher of classified advertising publications. Auto Trader Group was incorporated in 1977 and is based in Manchester, the United Kingdom.

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Buyer(S) 1

Buyer

Guardian Media Group

London, United Kingdom

website


Category Company
Sector Media
DESCRIPTION

Guardian Media Group is aUK’s media organisations. Its core business is Guardian News & Media, publisher of theguardian.com and the Guardian and Observer newspapers. IT also manage investments whose purpose is to provide financial support for the development of our journalism.


DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (United Kingdom) 1 of 1
Year (2003) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-27 Auto Trader Group

Manchester, United Kingdom

Auto Trader Group is a publisher of classified advertising publications. Auto Trader Group was incorporated in 1977 and is based in Manchester, the United Kingdom.

Sell £1.4B

Seller(S) 2

SELLER

BC Partners

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1986
PE ASSETS 17.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

BC Partners is a mega private equity firm that invests in high quality businesses with leading market positions. BC does not specialize in any particular sector and makes only a select number of investments per year (3 in 2008, 2 in 2007, 3 in 2006). Sectors of interest include healthcare, directory publishing, media, industrial products, food, distribution, manufacturing, consumer services, business services, and communications. BC Partners was formed in 1986 and has offices in London, Paris, Hamburg, and New York.


DEAL STATS #
Overall 7 of 53
Sector (Internet Software and Services) 1 of 2
Type (Add-on Acquisition) 1 of 10
Country (United Kingdom) 3 of 12
Year (2003) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-12-01 Hirslanden Holdings

Zürich, Switzerland

Leading Swiss Private Hospital Group

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-06-08 Aviagen Group

Newbridge, United Kingdom

Aviagen Group Ltd. provides breeder of poultry stock for meat production and operates production facilities across the globe.

Sell -
SELLER

Montagu

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1968
PE ASSETS 11.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Montagu is an independent private equity firm focused on European management buyouts and growth capital transactions. The Firm seeks opportunities valued between €100 million and €1 billion. Sectors of interest include healthcare, medical products, financial services, software, IT, information services, and education. Montagu dates back to 1968 and is based in London.


DEAL STATS #
Overall 22 of 73
Sector (Internet Software and Services) 1 of 2
Type (Add-on Acquisition) 10 of 29
Country (United Kingdom) 17 of 40
Year (2003) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-02-01 Ampafrance SA

Cholet, France

Ampafrance is the leading European manufacturer of a broad range of baby products including strollers, car seats and other smaller products. Its products are sold under the Bebe Confort, Monbebe, Baby Relax and Babideal brands.

Sell €225M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-05-23 Marlow Foods

Stokesley, United Kingdom

Marlow Foods, the owner of Quorn branded food products, in the first half of 2003 from AstraZeneca. Quorn is the UK?s number one brand in the fast growing healthy meat alternative food segment with an established and successful presence in a number of European territories. Marlow manufactures an extensive range of branded chilled and frozen ingredients and meals for this market from its manufacturing base in north Yorkshire.

Buy -