M&A Deal Summary

BC Partners and Montagu Acquire Auto Trader Group

On July 27, 1998, private equity firms BC Partners and Montagu acquired internet software and services company Auto Trader Group for 260M AUD

Acquisition Highlights
  • This is BC Partners’ 1st and Montagu’s 1st transaction in the Internet Software and Services sector.
  • This is BC Partners’ 42nd and Montagu’s 23rd largest (disclosed) transaction.
  • This is BC Partners’ 5th and Montagu’s 31st transaction in the United Kingdom.
Investment Fate
  • Auto Trader Group was sold to a strategic buyer in 2003.
  • 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 1998-07-27
Target Auto Trader Group
Sector Internet Software and Services
Buyer(s) BC Partners
Montagu
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 260M AUD

Target

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.

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Buyer(S) 2

Buyer

BC Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 30.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

BC Partners is a large investment group focused on private equity, credit, real estate, and co-investment strategies. The Firm's private equity group looks to make control investments in European and North American businesses valued above €300 million. 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 is based in London, England.


DEAL STATS #
Overall 10 of 99
Sector: Internet Software and Services M&A 1 of 4
Type: Buyout (LBO, MBO, MBI) M&A Deals 7 of 33
Country: United Kingdom M&A 5 of 18
Year: 1998 M&A 1 of 1
Size (of disclosed) 42 of 44
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-03-01 Beck & Pollitzer

Kent, United Kingdom

Beck & Pollitzer is a provider of complete machinery solutions. The company helps clients to relocate and install factories and machinery across the UK and Europe. Beck & Pollitzer was founded in 1863 and is based in Kent, United Kingdom.

Sell £23M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-01 Quadient

Bagneux, France

Quadient guides and supports organizations in how they send and receive communications and goods, helping them to better connect with their customers. Its services include customer experience management (CXM), business process automation (BPA), mail-related solutions, and parcel locker solutions. Quadient was founded in 1924 and is based in Bagneux, France.

Sell -
Buyer

Montagu

London, United Kingdom

Investor Investor Investor Investor Investor


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 37 of 119
Sector: Internet Software and Services M&A 1 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 35 of 60
Country: United Kingdom M&A 31 of 62
Year: 1998 M&A 4 of 4
Size (of disclosed) 23 of 32
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-07-01 Schaffner Holding AG

Luterbach, Switzerland

Schaffner was a global market leader in a growing niche of the electro-magnetic compatible ("EMC") market. It manufactured products which guarantee the reliability of electronic equipment, systems or installations which may be subject to electro-magnetic interference.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-01 EJA Engineering

Milton Keynes, United Kingdom

EJA is a world leading manufacturer of electrical and mechanical safety switches which are designed to shut down when a door or guard is opened to ensure safe operator access or prevent access to a dangerous area altogether. Its major brands include Guardmaster, Sigma and Nelsa.

Sell £50M