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    Home»Deals & Transactions»Eurazeo to sell 49 per cent of stake in Trader Interactive based on USD1.625bn valuation
    Deals & Transactions

    Eurazeo to sell 49 per cent of stake in Trader Interactive based on USD1.625bn valuation

    May 12, 20211 Min Read
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    Eurazeo is to sell 49 per cent of its stake in Trader Interactive, a provider of online advertising & marketing solutions to the powersports, recreational vehicle, commercial truck & equipment industries based in Virginia (USA), to carsales an online automotive advertising platform in Australia with a growing presence in Latin America and Asia.

    Under this agreement, Trader Interactive is valued at USD1.625 billion corresponding to 26.5-times CY 2020 Adjusted EBITDA. With this operation, Eurazeo and its affiliates show a total valuation on a realised and unrealized basis of 2.8x their original investment.

    The sale of the 49 per cent stake represents pre-tax proceeds of ~USD280 million for Eurazeo and its affiliates, of which USD190 million for Eurazeo. This represents 1.5x on their total initial investment. carsales has a call option for the 51 per cent remaining equity stake in Trader Interactive.
    Read more at Private Equity Wire

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