Apax Pays $763M For Trader Auto

Private equity firm, Apax Partners, will acquire Trader Auto from Canadian directories group, Yellow Media, for $763 million.

Private equity firm, Apax Partners, will acquire Trader Auto from Canadian directories group, Yellow Media, for $763 million, The Wall Street Journal reports. The deal includes 74 Trader publications and websites such as AutoTrader.ca, Buysell.com, and the company’s 30% stake in Dealer.com, adds Reuters.

Yellow Media will retain the real estate and employment businesses and the general merchandise website LesPAC.com. Apax was advised by RBC and PricewaterhouseCoopers, while TD Securities and Morgan Stanley acted as financial advisers to Yellow Media.

Click here for the story from The Wall Street Journal.

Click here for the additional coverage from Reuters.