Investment Summary

Solera and Cox Automotive Invest In Identifix

On November 1, 2013, Solera and Cox Automotive invested in business services company Identifix from Cox Automotive

Investment Highlights
  • This is Solera’s 3rd and Cox Automotive’s 2nd transaction in the Business Services sector.
  • This is Solera’s 8th and Cox Automotive’s 2nd transaction in the United States.
  • This is Solera’s 2nd and Cox Automotive’s 2nd transaction in Minnesota.

Investment Summary

Date 2013-11-01
Target Identifix
Sector Business Services
Investor(s) Solera
Cox Automotive
Sellers(s) Cox Automotive
Deal Type Stake Purchase

Target

Identifix

Saint Paul, Minnesota, United States
Identifix, Inc. is a source for vehicle diagnostics, genuine OEM service and repair information, factory scheduled maintenance plans, and reliable estimating. Identifix's products and services include the online tool Direct-Hit and their technical Repair Hotline.

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Investor(S) 2

Investor

Solera

Westlake, Texas, United States

Category Company
Founded 1966
Sector Software
Employees3,600
Revenue 987M USD (2013)
DESCRIPTION

Solera is a provider of risk and asset management data and software as a service solution for the automotive and insurance industries. Solera was formed in 1966 and is based in Westlake, Texas.


DEAL STATS #
Overall 20 of 40
Sector: Business Services M&A 3 of 5
Type: Stake Purchase M&A Deals 1 of 2
State: Minnesota M&A 2 of 3
Country: United States M&A 8 of 18
Year: 2013 M&A 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-17 Servicios Informaticos Serinfo S.A.

Chile

Servicios Informaticos Serinfo S.A., is a provider of dealership and bodyshop management systems. The Serinfo platform enables customers to improve operations and communicate effectively with all stakeholders in the purchase and care of vehicles, including the vehicle owner.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-14 Service Repair Solutions

Las Vegas, Nevada, United States

Service Repair Solutions, Inc. is a provider of software and services to the automobile insurance claims processing and decision support industries.

Buy -
Investor

Cox Automotive

Atlanta, Georgia, United States

Category Company
Founded 1997
Sector Marketing
Employees3,300
DESCRIPTION
Cox Automotive's corporate headquarters in Atlanta, Georgia.
Cox Automotive's corporate headquarters in Atlanta, Georgia.

Cox Automotive is a provider of vehicle remarketing services and digital marketing and software solutions for consumers, dealers, manufacturers and the overall automotive industry.


DEAL STATS #
Overall 2 of 13
Sector: Business Services M&A 2 of 4
Type: Stake Purchase M&A Deals 1 of 3
State: Minnesota M&A 2 of 2
Country: United States M&A 2 of 11
Year: 2013 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-08 Identifix

Saint Paul, Minnesota, United States

Identifix, Inc. is a source for vehicle diagnostics, genuine OEM service and repair information, factory scheduled maintenance plans, and reliable estimating. Identifix's products and services include the online tool Direct-Hit and their technical Repair Hotline.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-11 Xtime

Redwood City, California, United States

Xtime, Inc. is a cloud-based retention solutions for the retail automotive industry. The Xtime Retention System delivers a premium customer experience for vehicle owners and increases retention for OEMs and their dealerships. It features Marketing 7 to increase service demand, Scheduling 7 to capture and book that demand and Check-In 7 to increase the value of that demand. Xtime is a provider for 20 major global automotive manufacturers in the United States, Canada and Australia, as well as leading dealership groups, and serves more than 6,000 dealerships. Xtime is based in Silicon Valley and has offices in Australia, Canada, Germany and United Kingdom.

Buy -

Seller(S) 1

SELLER

Cox Automotive

Atlanta, Georgia, United States

Category Company
Founded 1997
Sector Marketing
Employees3,300
DESCRIPTION
Cox Automotive's corporate headquarters in Atlanta, Georgia.
Cox Automotive's corporate headquarters in Atlanta, Georgia.

Cox Automotive is a provider of vehicle remarketing services and digital marketing and software solutions for consumers, dealers, manufacturers and the overall automotive industry.


DEAL STATS #
Overall 1 of 4
Sector: Business Services M&A 1 of 2
Type: Stake Purchase M&A Deals 1 of 1
State: Minnesota M&A 1 of 1
Country: United States M&A 1 of 3
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-08 Identifix

Saint Paul, Minnesota, United States

Identifix, Inc. is a source for vehicle diagnostics, genuine OEM service and repair information, factory scheduled maintenance plans, and reliable estimating. Identifix's products and services include the online tool Direct-Hit and their technical Repair Hotline.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-11 Xtime

Redwood City, California, United States

Xtime, Inc. is a cloud-based retention solutions for the retail automotive industry. The Xtime Retention System delivers a premium customer experience for vehicle owners and increases retention for OEMs and their dealerships. It features Marketing 7 to increase service demand, Scheduling 7 to capture and book that demand and Check-In 7 to increase the value of that demand. Xtime is a provider for 20 major global automotive manufacturers in the United States, Canada and Australia, as well as leading dealership groups, and serves more than 6,000 dealerships. Xtime is based in Silicon Valley and has offices in Australia, Canada, Germany and United Kingdom.

Buy -