AAutoScout24 runs an online car marketplace in 18 European countries, connecting private sellers, car dealers, and buyers with a large catalog of new and used vehicles. Users search listings to buy or sell cars, while sellers pay listing fees or buy advertising and value-added services; dealers also get marketing tools to reach more customers. It differentiates itself with a broad pan-European inventory and dealer-focused marketing solutions that cater to both private and professional sellers within an ecosystem of automotive platforms. Its goal is to enable efficient, large-scale online vehicle transactions by offering many choices for buyers and strong reach for sellers, while earning revenue from listings, advertising, and added services.
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Industries
Company Size
501-1,000
Company Stage
Debt Financing
Total Funding
$275M
Headquarters
Munich, Germany
Founded
1998
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Total Funding
$275M
Above
Industry Average
Funded Over
2 Rounds
imove's car subscription service running on INVERS technology proves that sharing assets and technology is vital to sustainable mobility.
Fitch Ratings reports that Speedster Bidco GmbH (AutoScout24; AS24) has added a €250 million fully fungible add-on to its first-lien senior secured debt, raising leverage above the 7.0x EBITDA threshold. Despite this, the Issuer Default Rating and ‘B+' senior secured debt rating remain unchanged, as leverage is expected to return to acceptable levels by 2027. The funds will repay the revolving credit facility used to acquire AutoTrack and Gaspedaal in the Netherlands.
Germany-based auto marketplace AutoScout24 has completed its acquisition of Canada-based Trader Corporation from private equity firm Thoma Bravo.
Price was not disclosed, but deal to acquire Trader Corporation is expected to close in Q4 2024
AutoScout24 to acquire autotrader.ca as part of Trader corp. deal.
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Industries
Company Size
501-1,000
Company Stage
Debt Financing
Total Funding
$275M
Headquarters
Munich, Germany
Founded
1998
Find jobs on Simplify and start your career today
Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs