AutoScout24 Acquires Trader Corporation, Canada's Leading Auto Site
Deal News | Dec 12, 2024 | Aim Group
AutoScout24, a Germany-based online automobile marketplace, has successfully completed its acquisition of Trader Corporation, Canada’s leading auto site, from the private equity firm Thoma Bravo. The completion of this transaction strengthens AutoScout24's position in the global automotive marketplace sector. Stefan Vogel, AutoScout24's global general counsel, announced the closure of the deal on LinkedIn, highlighting the strategic importance of this acquisition as part of AutoScout24’s expansion efforts into new markets.
Sectors
- Automotive Marketplace
- Private Equity
Geography
- Germany – AutoScout24, the acquiring company, is based in Germany, demonstrating its strategic international growth efforts.
- Canada – Trader Corporation, the acquired company, is based in Canada, marking AutoScout24's entry into the North American automotive market.
Industry
- Automotive Marketplace – The acquisition involves AutoScout24, an online automobile marketplace, targeting a leading auto site, Trader Corporation, thereby enhancing its global presence in the automotive marketplace sector.
- Private Equity – Thoma Bravo, a private equity firm, acted as the seller in the transaction, highlighting the role of private equity in acquisitions and divestments.
Financials
- – The financial terms of the acquisition have not been disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| AutoScout24 | Acquiring Company | Company | A Germany-based online automobile marketplace focused on expanding its international presence. |
| Trader Corporation | Target Company | Company | Canada’s leading auto site, acquired by AutoScout24. |
| Thoma Bravo | Selling Company | Company | A private equity firm that sold Trader Corporation to AutoScout24. |
| Stefan Vogel | Global General Counsel | Person | AutoScout24's global general counsel who announced the deal closure. |