M&A Deal Summary

Mobilize Financial Services Acquires MeinAuto

On January 2, 2024, Mobilize Financial Services acquired internet software and services company MeinAuto from HgCapital

Acquisition Highlights
  • This is Mobilize Financial Services’ 1st transaction in the Internet Software and Services sector.
  • This is Mobilize Financial Services’ 1st transaction in Germany.

M&A Deal Summary

Date 2024-01-02
Target MeinAuto
Sector Internet Software and Services
Buyer(s) Mobilize Financial Services
Sellers(s) HgCapital
Deal Type Add-on Acquisition

Target

MeinAuto

Cologne, Germany
MeinAuto is a B2C online platform for new car purchases. The Company is one of Germany‘s leading online platforms for new car sales with over 16 million visitors per year and more than 9,000 dealers connected. MeinAuto was founded in 2007 and is based in Cologne, Germany.

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Buyer(S) 1

Buyer

Mobilize Financial Services

Paris, France

Category Company
Sector Financial Services
DESCRIPTION

Mobilize Financial Services is the financial services provider for Renault Group brands Renault, Dacia, Alpine and Mobilize, and for the Nissan Group brand Nissan, and Mitsubishi Motors in the Netherlands, Italy and France. Mobilize Financial Services is based in Paris, France.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Germany M&A 1 of 1
Year: 2024 M&A 1 of 1

Seller(S) 1

SELLER

HgCapital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 70.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HgCapital is a European private equity firm focused on a wide range of transactions including public-to-private leveraged buy-outs, management buy-ins, divestitures, and turnarounds. Broad sectors of interest include consumer and leisure, healthcare, industrials, services, technology, media, and renewable energy. The Firm will consider both majority and minority investment positions. HgCapital is the successor to Mercury Capital Partners, a former unit of Merill Lynch which was spun out by management in 2000. HgCapital has offices in London and Munich.


DEAL STATS #
Overall 92 of 97
Sector: Internet Software and Services M&A 15 of 16
Type: Add-on Acquisition M&A Deals 44 of 47
Country: Germany M&A 19 of 20
Year: 2024 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-23 IRIS

Slough, United Kingdom

IRIS is a private software house supplying business management solutions to over 60,000 customers, from start-ups to large organisations. IRIS was founded in 1978 and is based in Slough, United Kingdom.

Sell £3.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-04 Induver

Antwerp, Belgium

Induver is a well-established insurance broker serving commercial and corporate clients across Belgium. Induver was founded in 1990 and is based in Antwerp, Belgium.

Buy -