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 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.