M&A Deal Summary |
|
|---|---|
| Date | 2021-12-14 |
| Target | United Auto Credit |
| Sector | Financial Services |
| Buyer(s) | Vroom |
| Sellers(s) | Pine Brook Partners |
| Deal Type | Add-on Acquisition |
| Deal Value | 300M USD |
| Advisor(s) | Raymond James - Investment Banking (Financial) Skadden, Arps, Slate, Meagher & Flom (Legal) |
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| Category | Company |
|---|---|
| Founded | 2012 |
| Sector | Internet Software and Services |
| Employees | 1,675 |
| Revenue | 893M USD (2023) |
Vroom is an online car store in the US that helps customers save time, hassle and money by bringing all three aspects of the car buying process – buying, financing and selling – online in an easy, transparent and affordable way. Vroom offers thousands of high quality, refurbished, pre-owned vehicles with free delivery to customers’ doors across the US. Vroom was founded in 2012 and is based in New York, New York.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector (Financial Services) | 1 of 1 |
| Type (Add-on Acquisition) | 2 of 2 |
| State (Texas) | 2 of 2 |
| Country (United States) | 2 of 2 |
| Year (2021) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-12-16 |
Texas Direct Auto
Stafford, Texas, United States Texas Direct Auto is an online platform to buy and sell cars, trucks, sport cars and vans. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2006 |
| PE ASSETS | 6.0B USD |
| Size | Mega |
| Type | Sector Focused |
Pine Brook Road Partners is a private equity group focused on growth capital investments in the energy and financial services sectors. Specific areas of interest within the energy sector include exploration, oilfield services, transportation/storage, power generation/distribution/transmission, and biofuel/renewable resources. Specific areas of interest within financial services include insurance, banks, asset management, specialty finance, and servicing/distribution/origination. Pine Brook generally acts as the lead/control investor in newly-formed or established businesses. The Firm has a special interest in 'underappreciated or overlooked' opportunities. Pine Brook Road Partners was formed in 2006 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 21 of 25 |
| Sector (Financial Services) | 8 of 8 |
| Type (Add-on Acquisition) | 9 of 11 |
| State (Texas) | 11 of 13 |
| Country (United States) | 16 of 19 |
| Year (2021) | 3 of 3 |
| Size (of disclosed) | 5 of 10 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-10-21 |
FSF
Wilmington, Delaware, United States FSF has focused on providing products that improve the financial future of customers via leading-edge technology and proprietary, analytics-based underwriting. FSF was founded in 2016 and is based in Wilmington, Delaware. |
Sell | $750M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-02-02 |
ATX Energy Partners
Austin, Texas, United States ATX Energy Partners is an exploration and production company focused on the acquisition and development of acreage positions in unconventional domestic oil and liquids resource plays. ATX Energy Partners was founded in 2017 and is based in Austin, Texas. |
Sell | - |
