M&A Deal Summary |
|
|---|---|
| Date | 2014-03-03 |
| Target | Dealer.com |
| Sector | Software |
| Buyer(s) | Dealertrack |
| Sellers(s) | Apax |
| Deal Type | Add-on Acquisition |
| Deal Value | 1.0B USD |
| Advisor(s) | Goldman Sachs (Financial) Wilson Sonsini Goodrich & Rosati (Legal) |
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| Category | Company |
|---|---|
| Founded | 2001 |
| Sector | Software |
| Employees | 2,500 |
| Revenue | 948M USD (2015) |
Dealertrack is a provider of digital solutions to the automotive retail industry. The company's cloud-based platform offers a suite of integrated tools and services that help dealerships streamline their operations, improve efficiency, and enhance the customer experience. Dealertrack's solutions cover the entire automotive sales and financing process, from inventory management and vehicle registration to credit application processing and digital retailing. Dealertrack was formed in 2001 and is based in Lake Success, New York.
| DEAL STATS | # |
|---|---|
| Overall | 22 of 24 |
| Sector (Software) | 14 of 16 |
| Type (Add-on Acquisition) | 20 of 22 |
| State (Vermont) | 1 of 1 |
| Country (United States) | 18 of 19 |
| Year (2014) | 1 of 3 |
| Size (of disclosed) | 1 of 13 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-10-01 |
VINtek
Philadelphia, Pennsylvania, United States VINtek is a delivering comprehensive ELT and collateral management services to more than 3,000 banks, automotive finance companies and credit unions in the United States. The company offers a number of industry-leading services and solutions, including electronic vehicle title, tag and tax processing services, and eSignature/ eContracting solutions supporting the on-line closing of automotive loans. |
Buy | $53M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-07-01 |
ASR Pro
Raleigh, North Carolina, United States ASR Pro is a provider of web-based electronic multipoint-inspection and fixed operations services for automotive dealerships. |
Buy | $14M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1981 |
| PE ASSETS | 77.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Apax Partners is a mega-sized private equity investment group, operating across the United States, Europe, Israel and Asia. Broad industry sectors of interest include tech & telecom, media, retail & consumer, healthcare, financial services, and business services. Apax will consider both minority and majority investment positions and prefers companies with strong market positions and growth potential. The Firm generally pursues platform acquisitions valued from $1 to $5 billion. Apax Partners was formed in 1981 and is based in London.
| DEAL STATS | # |
|---|---|
| Overall | 92 of 171 |
| Sector (Software) | 7 of 15 |
| Type (Add-on Acquisition) | 37 of 59 |
| State (Vermont) | 1 of 1 |
| Country (United States) | 36 of 63 |
| Year (2014) | 2 of 10 |
| Size (of disclosed) | 24 of 50 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-01-07 |
Mobixell Networks
Edison, New Jersey, United States Mobixell Networks provides intelligent mobile Internet solutions to mobile operators that optimize data networks and maximize data profitability. Mobixell’s flagship product, Seamless Access, enables mobile operators to intelligently manage, optimize, and monetize the surging mobile data and video traffic while giving subscribers an exceptional user experience. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-05-22 |
Tnuva
Ramat HaSharon, Israel Tnuva is a food manufacturer and distributor that owns seven out of the ten most known food brands in Israel and accounts for over 14% of shelf space in supermarkets. |
Sell | - |
