Private equity firm buys majority stake in CarTrawler

Private equity firm BC Partners has agreed to buy a majority stake in Ireland-based online car rental company CarTrawler, it said yesterday.

Private equity firm buys majority stake in CarTrawler
Tue, 25 Mar, 2014 - 00:00
Claire Ruckin - Reuters

Private equity firm ECI, which bought CarTrawler in 2011, hired PwC to run a sale process that attracted interest from a number of buyout firms.

BC Partners will acquire a majority stake in CarTrawler, while private equity firm Insight Venture Partners will take a minority stake. Management will also retain a shareholding in the company. Financial terms of the deal were not disclosed.

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CourtsPlace: IrelandPlace: DublinPerson: Matthew ToothPerson: Mike McGeartyPerson: CEOOrganisation: CartrawlerOrganisation: BC PartnersOrganisation: ECIOrganisation: PwCOrganisation: Insight Venture PartnersOrganisation: Holiday AutosOrganisation: Argus Car Hire
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