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Carsales.com to Acquire Remaining Stake in US Marketplace Operator Trader Interactive.

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Vincent

MANews-(C)2009-2022

Australian automotive, motorcycle, and marine online marketplace carsales.com Ltd plans to buy the remaining 51% of US-based marketplace operator Trader Interactive from the current investors, Eurazeo and Goldman Sachs Asset Management to bring their holding up to 100%, the company said.

The move to acquire Trader Interactive first started last year, when carsales purchased 49% of Trader Interactive in August of 2021, for USD 624m. The deal is expected to conclude in late 3Q22. The company will acquire the remaining stake for USD 809m.

Through its brands such as Cycle Trader, RV Trader, Commercial Truck Trader and Equipment Trader, Trader Interactive connects over 13m consumers monthly to over 9,500 dealers.

Trader Interactive connects buyers and sellers in the powersports, recreational vehicle, commercial vehicle, and heavy equipment industries through a broad portfolio of marketplaces that reach 13m unique monthly visitors.

Linked by a widely recognized family of "Trader" trademarks dating back several decades, the company's brands include lifestyle vehicle marketplaces Cycle Trader, RV Trader, ATV Trader, PWC Trader, Snowmobile Trader, Aero Trader, and Trade-A-Plane, as well as commercial vehicle marketplaces Commercial Truck Trader, Equipment Trader, NextTruck, Rock and Dirt, and Tradequip.

Additionally, the company portfolio includes Statistical Surveys, the...

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