(CercleFinance.com) – Eurazeo announces the sale of its remaining 51% stake in Trader Interactive, a marketplace company and supplier of services to dealers for leisure vehicles and professional equipment in the United States.
This sale to carsales, the largest online vehicle marketplace in Australia, with a growing presence in Latin America and Asia, follows the acquisition by carsales, in August 2021, of 49% of Trader Interactive.
This agreement values Trader Interactive at nearly $1.9 billion, or 25 times 2021 adjusted EBITDA, and the sale of this 51% should generate approximately $350 million for Eurazeo and its partners, including $238 million for the share. from Eurazeo.
‘Since 2017, with the support of Eurazeo’s mid-large buyout team and its partner, Goldman Sachs Asset Management, Trader Interactive has considerably strengthened its leading position in all of its business sectors’, emphasizes Eurazeo.
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