Advised BC Partners on its acquisition of a majority stake in CarTrawler, the leading global provider of multi branded car rental solutions
Arma Partners is pleased to announce that it has acted as exclusive financial advisor to BC Partners, a leading European private equity firm, on the announced acquisition of a majority stake in car rental technology platform CarTrawler from the Company’s founders, other individual shareholders and ECI Partners. Insight Venture Partners is co-investing in the business by acquiring a minority stake. Financial terms of the deal are not disclosed.
Based in Dublin, CarTrawler is the leading global provider of multi branded car rental solutions to partners in the travel industry, including airlines, OTAs and other online travel related operators. It has over 1,000 partners, connecting end customers to more than 1,200 suppliers across 30,000 pickup locations. It also operates online car rental sites under the Holiday Autos and Argus Car Hire brands.
BC Partners plan on growing the business by enhancing CarTrawler’s already impressive track record in assisting its partners in the travel industry to provide seamless car rental functionality, as well as by expanding CarTrawler’s presence across international markets.
This transaction is an important milestone in the continuing growth of Arma Partners’ leading global internet M&A practice.