M&A Deal Summary

Trade Me Acquires Limelight Software

On July 11, 2017, Trade Me acquired internet software and services company Limelight Software

Acquisition Highlights
  • This is Trade Me’s 10th transaction in the Internet Software and Services sector.
  • This is Trade Me’s 10th transaction in New Zealand.

M&A Deal Summary

Date 2017-07-11
Target Limelight Software
Sector Internet Software and Services
Buyer(s) Trade Me
Deal Type Add-on Acquisition

Target

Limelight Software

Christchurch, New Zealand
Limelight Software Ltd. (dba Motorcentral) is a cloud based dealer management platform for motor vehicle dealers. Motorcentral was established in 2001 and is headquartered in Christchurch, New Zealand.

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Buyer(S) 1

Buyer

Trade Me

Wellington, New Zealand

Category Company
Founded 1999
Sector Internet Software and Services
Revenue 250M EUR (2018)
DESCRIPTION

Trade Me is a provider of the online marketplace and classified advertising platforms in New Zealand as well as the generalist marketplace for new and used goods. Trade Me Group was founded in 1999 and is based in Wellington, New Zealand.


DEAL STATS #
Overall 10 of 10
Sector: Internet Software and Services M&A 10 of 10
Type: Add-on Acquisition M&A Deals 7 of 7
Country: New Zealand M&A 10 of 10
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-12 Harmoney

Auckland, New Zealand

Harmoney Ltd. is a peer-to-peer lending company. Peer-to-peer lending is where investors loan money directly to unrelated borrowers via an online platform, rather than the lending occurring via a traditional financial institution like a bank.

Buy $8M