carsales.com Ltd acquires 100% of Trader Interactive

The largest online marketplace of Australia to add Trader Interactive’s US marketplaces to their portfolio of brands

VIRGINIA BEACH, Virginia., June 27, 2022 /PRNewswire/ — carsales.com Ltd (carsales), the largest online marketplace for Australia focusing on automotive, motorcycle and marine, announced its intention to acquire the remaining 51% of Trader Interactive from current investors, Eurazeo and Goldman Sachs Asset Management, to increase their stake to 100%. The official announcement was made before the ASX this morning. The decision to acquire Trader Interactive began last year, when Car Sales bought 49% of Trader Interactive in August 2021. The deal is expected to close at the end of the third quarter.

Through its industry-leading brands such as Cycle Trader, RV Trader, Commercial Truck Trader and Equipment Trader, Trader Interactive connects more than 13 million consumers per month to more than 9,500 dealerships while providing customers with innovative solutions for improve their profitability and drive a more transparent experience with their buyers.

The acquisition of Trader Interactive by carsales furthers Trader Interactive’s goal of transforming lifestyles and livelihoods through innovative digital solutions that seamlessly connect people to vehicles for work and play, and to to deliver pioneering digital solutions that enable our customers to reach consumers looking for their next vehicle or service. using the international experiences of the carsales brand portfolio.

“I have worked with the Carsales leadership team for the past 12 months and have been extremely impressed. We can see how culturally and strategically compatible we are,” said Lori Stacy, CEO of Trader Interactive. “Carsales’ support, along with their domain expertise across their portfolio of global marketplaces, will enable us to accelerate innovation across all of our verticals, while simultaneously refining and improving shopping experiences. and sales for our consumers and dealers.”

“The first year of ownership has been very successful and we are confident in the quality of Trader Interactive’s business, the management team and its growth opportunities. Culturally, there is a strong alignment between the sales teams carsales and Trader Interactive and we look forward to working more closely together to achieve our strategic goals.” Managing Director and CEO of carsales Cameron McIntyre said of the acquisition.

“I would like to thank our sponsors, Eurazeo and Goldman Sachs Asset Management, for their support over the past few years. They have been great partners, leveraging their customer focus and technology experience that has supported our latest phase of growth. They have been great supporters of our strategy and we appreciate the value they have brought through their experience and cohesive vision. It has been a pleasure to work with them,” said Lori Stacy.

“We are delighted to have collaborated with Trader over the past five years and would like to especially thank Trader’s management team, as well as our partners at Eurazeo, for their strong partnership and support for the company” , said Harsh Nanda, Managing Director. and Head of Technology in Private Equity, and Joon Park, Managing Director in Private Equity at Goldman Sachs Asset Management. “Since we invested in Trader, the company has achieved rapid innovation and growth, further solidifying its leadership position in each of the vertical markets it serves. synergistic for Trader and we wish them continued success in their next phase of growth.”

Vivianne AkricheCEO and Henri Domange, Director of Eurazeo added: “We would like to thank Lori and the team for their strong leadership and incredible partnership over the past five years. We appreciated the opportunity to support Trader Interactive, alongside our partners at Goldman Sachs Asset Management, as they increased their market share and improved the value they deliver to their clients. We look forward to continuing to watch Trader Interactive and Carsales successfully grow their business together globally.

About Trader Interactive

Trader Interactive connects buyers and sellers in the powersports, recreational vehicles, utility vehicles and heavy equipment industries through a broad portfolio of marketplaces that reaches 13 million unique visitors per month. Linked by a widely recognized family of “Trader” brands dating back decades, the company’s brands include lifestyle vehicle markets Cycle Trader, RV Trader, ATV Trader, PWC Trader, Snowmobile Trader, Aero Trader and Trade -A-Plane, as well as Commercial Truck Trader, Equipment Trader, NextTruck, Rock & Dirt, and Tradequip utility vehicle marketplaces. Additionally, the company’s portfolio includes Statistical Surveys, the leading provider of market share data for the lifestyle vehicle industries. For more information, visit www.TraderInteractive.com.

About carsales.com Ltd

Founded in 1997, carsales.com Ltd (ASX:CAR) operates the largest automotive, motorcycle and marine classifieds business in Australia and Encar, the leading automotive company in South Korea. carsales owns 100% of the classifieds businesses in Mexico, Argentina and Chile and is a significant minority shareholder of webmotors in Brazil. carsales is considered one of the australia original disruptors and has expanded to include a host of market leading brands. The car sales network is australia leading online destination for buying and selling cars, motorcycles, trucks, boats, caravans and mechanical equipment. carsales has state-of-the-art technology and advertising solutions that can be leveraged across all of its businesses around the world. Learn more about www.carsales.com.au

About Eurazeo

Eurazeo is a leading global investment company, with a diversified portfolio of €32 billion in assets under management, including nearly €23.2 billion with third parties, invested in 530 companies. With its expertise in private equity, venture capital, private debt as well as real estate and infrastructure assets, Eurazeo supports companies of all sizes, supports their development through the commitment of its nearly 360 professionals and by offering them in-depth sector expertise, a gateway to international markets, and a responsible and stable footing for transformational growth. Its solid institutional and family shareholding, its solid financial structure without structural debt and its flexible investment horizon allow Eurazeo to support its companies over the long term.

Eurazeo has offices in Paris, New York, London, Frankfurt, Berlin, Milano, Madrid, Luxemburg, Shanghai, Seoul, Singapore and Sao Paulo.

Eurazeo is listed on Euronext Paris.

ISIN: FR0000121121 – Bloomberg: RF FP – Reuters: EURA.PA

About Goldman Sachs Asset Management

Combining traditional and alternative investments, Goldman Sachs Asset Management offers clients around the world a dedicated partnership and a focus on long-term performance. As a primary investment area within Goldman Sachs (NYSE: GS), we provide investment and advisory services to the world’s leading institutions, financial advisors and individuals, leveraging our deeply connected global network and tailored expert insights, across all regions and markets, overseeing more than 2 trillion dollars of assets under surveillance worldwide March 31, 2022. Driven by a passion for our clients’ performance, we seek to build long-term relationships based on conviction, lasting results and shared success over time. Goldman Sachs Asset Management invests across the full spectrum of alternatives, including private equity, growth equity, private credit, real estate and infrastructure. Founded in 1986, Goldman Sachs Asset Management’s Private Equity business has invested more than $75 billion since its creation. We combine our global network of relationships, our unique knowledge of markets, industries and regions, and the global resources of Goldman Sachs to grow business and accelerate value creation in our portfolios.

SOURCE Interactive Trader