Carsales.com Limited’s A$1.17 Billion Acquisition of 51% Stake in Trader Interactive

Arnold Bloch Leibler and Skadden, Arps, Slate Meagher & Flom acted on the deal.

Carsales.com Limited announced it will acquire the remaining 51 per cent of US commercial trucks and RVs listing business Trader Interactive for $US809 million (A$1.17 billion).

This acquisition follows the successful purchase by carsales of an initial 49 per cent stake in Trader Interactive for $US624 million (A$797 million), which completed in September 2021 and on which Arnold Bloch Leibler also acted.

Founded in 1997, carsales.com Ltd is the number one online automotive classifieds business in Australia with a growing global presence in Asia and Latin America. 

Trader Interactive is the leading provider of digital offerings including online advertising and marketing services products serving the powersports, recreational vehicle, commercial truck and equipment segments.

The Arnold Bloch Leibler team was led by Corporate and M&A partners Jonathan Wenig (Picture) and Jeremy Lanzer, supported by partner Genevieve Sexton (Banking & Finance), senior associate Vidushee Deora (Corporate and M&A), lawyer Kaitie Boyd (Corporate and M&A), law graduate Stephanie Aitken (Corporate and M&A) and advisor David Goldberg (Corporate and M&A).

 

Involved fees earner: Kaitie Boyd – Arnold Bloch Leibler; Vidushee Deora – Arnold Bloch Leibler; David Goldberg – Arnold Bloch Leibler; Jeremy Lanzer – Arnold Bloch Leibler; Genevieve Sexton – Arnold Bloch Leibler; Jonathan Wenig – Arnold Bloch Leibler;

Law Firms: Arnold Bloch Leibler;

Clients: carsales.com Limited;

Sonia Carcano

Author: Sonia Carcano