Eurazeo is selling its remaining 51% stake in Trader Interactive, a platform of branded marketplaces in the United States providing digital marketing solutions and services across the commercial truck, recreational vehicle, power sports and equipment industries, to carsales, an Australia-based online automotive advertising platform with a growing presence in Latin America and Asia.
Under this agreement, Trader Interactive is valued at $1.897 billionn corresponding to 25,0x CY 2021 Adjusted EBITDA. With this operation, Eurazeo and its affiliates show a return on a realised basis of 3.1x their original investment.
The sale of the 51% stake represents pre-tax proceeds of ~$350 million for Eurazeo and its affiliates, of which $238 million for Eurazeo.
Read more: Private Equity Wire
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