Thoma Bravo closes one auto SBO, announces another
September 30, 2016
Chicago, IL | PE/Buyout
Thoma Bravo has completed its previously announced acquisition of online automotive marketplace TRADER from Apax Partners for C$1.575 billion (about $1.2 billion). The company’s platform lists nearly 500,000 vehicles and attracts 13 million visits per month. Apax had backed the business since 2011.
In a separate deal, Thoma Bravo has also agreed to acquire T2 Systems, a provider of parking management technology. The seller is Pamlico Capital, which had backed T2 since 2011. Founded in 1994, the company provides permit and citation management, enforcement and other services for universities, municipalities and private parking operators in the US and Canada.