M&A Deal Summary

AutoScout24 Acquires Trader

On August 16, 2024, AutoScout24 acquired internet software and services company Trader from Thoma Bravo

Acquisition Highlights
  • This is AutoScout24’s 1st transaction in the Internet Software and Services sector.
  • This is AutoScout24’s 1st transaction in Canada.
  • This is AutoScout24’s 1st transaction in Ontario.

M&A Deal Summary

Date 2024-08-16
Target Trader
Sector Internet Software and Services
Buyer(s) AutoScout24
Sellers(s) Thoma Bravo
Deal Type Add-on Acquisition
Advisor(s) Goldman Sachs
BofA Securities
HSBC Global Banking and Markets (Financial)
Kirkland & Ellis
McMillan
Goodmans (Legal)

Target

Trader

Etobicoke, Ontario, Canada
Trader is a digital automotive marketplace and software solutions provider. The company's marketing software solutions enable dealers to manage their websites, digital marketing campaigns, and inventory. Its online marketplaces and destinations include autotrader.ca, autohebdo.net, and Autos.ca. Trader was founded in 1975 and is based in Etobicoke, Ontario.

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Buyer(S) 1

Buyer

AutoScout24

Munich, Germany

Category Company
Founded 1998
Sector E-Commerce
DESCRIPTION

AutoScout24 is a pan-European online car marketplace. The marketplace allows users to easily find, buy and finance the right car. With more than 36 million downloads, AutoScout24’s app was awarded the title of Germany’s best car app.


DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2024) 1 of 1

Seller(S) 1

SELLER

Thoma Bravo

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1980
PE ASSETS 127.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Thoma Bravo is a private equity firm that primarily invests in or acquires US-based middle-market businesses. While Thoma Bravo will consider a variety of transaction situations, including take-privates, buyouts, carve-outs, recapitalizations, and growth equity financings, the Firm has a special interest in tech consolidation opportunities. Target companies generally have a history of profitability with EBITDA of at least $20 million. The Firm's equity commitment size range is $100 to $750 million. Sectors of interest include enterprise and infrastructure software, education, distribution, financial services and consumer goods/services. The Firm will not invest in new inventions or technologies, developmental products or services, start-ups, biotech, motion pictures, distressed businesses, oil/gas, or real estate. Thoma Bravo was formerly known as Thoma Cressey Bravo and before that Golder Thoma & Co. The Firm was originally formed in 1980 and is based in Chicago, Illinois.


DEAL STATS #
Overall 76 of 79
Sector (Internet Software and Services) 10 of 12
Type (Add-on Acquisition) 35 of 36
State (Ontario) 2 of 2
Country (Canada) 3 of 3
Year (2024) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-20 Venafi

Salt Lake City, Utah, United States

Venafi is a cybersecurity software platform that monitors, protects, and remediates an enterprise’s keys and certificates, which are required for secure communication, commerce, and mobility. Venafi provides its Global 5000 enterprise customers the ability to orchestrate the complete life cycle of all machine identity types, including TLS/SSL and SSH keys, and code-signing certificates. Venafi was founded in 2000 and is based in Salt Lake City, Utah.

Sell $1.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-28 Veriforce

The Woodlands, Texas, United States

Veriforce is a provider of integrated compliance, safety, and training solutions specifically tailored to energy operators and their contractors within the upstream, midstream, and downstream segments of the energy industry. Veriforce was founded in 1993 and is based in The Woodlands, Texas.

Sell -