Latham Advises on Financing for AutoScout24’s Acquisition of TRADER Corporation

Latham & Watkins has advised the arrangers and lenders on the financing for AutoScout24’s agreement to acquire TRADER Corporation (TRADER Canada) from Thoma Bravo. In conjunction with this acquisition, funds affiliated with existing majority shareholder Hellman & Friedman will make a meaningful incremental equity investment in AutoScout24, the leading pan-European online automotive marketplace.

TRADER Canada operates Canada’s leading online automotive marketplaces, English-language AutoTrader.ca and French-language AutoHebdo.net, with 26 million monthly visits, more than 450,000 vehicle listings, and 5,000 dealer partners.

The Latham team was led by London finance partners Jonathan Brownson, Joydeep Choudhuri, Jennifer Brennan, and Shawn Anderson, with associates Robert Lowe, Yuecheng (Liam) Feng, Taniel Akay, and Maria Yip. Advice on German matters was provided by Munich partner Christian Jahn, with associate Jannis Strotmann; advice on US matters was provided by New York partner Michael Benjamin, with associate Katherine Page; and on tax matters by Munich partner Ulf Kieker and London partner Karl Mah, with associates Julia Wenzel and Lina Le Roux.