Paris (awp/afp) – The investment company Eurazeo announced on Wednesday the sale of its remaining 51% stake in Trader Interactive, a supplier of marketplaces in the field of transport, for 350 million dollars, or approximately 334 million euros.
In total, 238 million dollars (approximately 227 million euros) will go to Eurazeo and the rest to its partners, which for the investment company amounts to tripling its initial investment.
“This agreement values Trader Interactive at $1.897 billion,” Eurazeo said in a statement.
The buyer, the Australian online vehicle sales platform Carsales, had already acquired 49% of Eurazeo’s stake in Trader Interactive last August for 280 million dollars (around 267 million euros) and had a call option on the remaining 51%.
Eurazeo invested in Trader Interactive in June 2017 and is pleased with its evolution into “a leading platform on branded marketplaces in the United States”, commented Marc Frappier, member of the Eurazeo Executive Board, in the press release. .
The investment company, whose founder Michel David-Weill died two weeks ago, manages some 32 billion euros in assets, including nearly 23.2 billion for third parties which are invested in a portfolio of 530 companies.
In mid-May, it published a slightly lower turnover in the first quarter, after a record profit of 1.57 billion euros for the year 2021.
afp/ol