Toronto-based Trader Corp. bought by Germany’s AutoScout24, controlled by Hellman & Friedman
German auto marketplace operator AutoScout24 GmbH, which is majority owned by private equity firm Hellman & Friedman, has acquired Trader Corp. from fellow private equity firm Thoma Bravo LLC. AutoScout said H&F would “make a meaningful incremental equity investment” in conjunction with the deal.
Trader’s predecessor company was founded in 1975 and originally known for its paper classified guides. The founding Francis family sold the company in 2005 to Yellow Pages Group for $436-million. Private equity firm Apax Partners bought Trader from Yellow Pages in 2011 for $745-million, then sold it five years later to Thoma Bravo for $1.575-billion.
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