Marbanc International to Acquire Cars.net Automotive Research Platform
Deal News | May 16, 2025 | Globenewswire
New York-based global investment firm Marbanc International is set to acquire Cars.net, an automotive research platform, following a 30-day exclusive due diligence period. Cars.net, launched in 2021, aids consumers in obtaining optimal vehicle prices while connecting them to dealers across the U.S. The acquisition includes pivotal assets like software, database, intellectual property, and the domain name. Marbanc plans to broaden Cars.net's reach globally, with particular focus on markets in the United States, United Kingdom, and Australia, establishing joint ventures with seasoned automotive professionals. The transaction is anticipated to conclude by June 2025. Comparatively, the automotive domain industry has seen monumental growth with Cars.com valued at $872 million in 2016, emphasizing the lucrative nature of domain names.
Sectors
- Automotive Technology
- Private Equity
Geography
- United States – Cars.net operates within the U.S. market, and Marbanc International is based in New York, reflecting the U.S. connection in the transaction.
- United Kingdom – Marbanc International plans to expand Cars.net to the UK market, indicating strategic geographical targets.
- Australia – Marbanc International also intends to extend operations into the Australian automotive market, broadening Cars.net’s reach.
Industry
- Automotive Technology – The article revolves around Cars.net, a platform combining automotive data analytics and consumer research to facilitate car purchases.
- Private Equity – Marbanc International, the investment firm involved in acquiring Cars.net, represents the private equity sector by facilitating this transaction.
Financials
- US$872 million – The valuation of the Cars.com domain name in 2016, used as a comparative benchmark for domain valuations.
Participants
Name | Role | Type | Description |
---|---|---|---|
Marbanc International | Bidding Company | Company | A global investment firm orchestrating the acquisition of Cars.net. |
Cars.net | Target company | Company | An automotive research platform developed to help consumers find competitive car prices. |
Cars.com | Industry Comparator | Company | Allows for a point of comparison with Cars.net due to its sizable domain valuation. |
CAR Group Limited | Industry Comparator | Company | An ASX-listed company showcasing the value and market capitalization of data-driven automotive platforms. |