Apax Partners launches auction to sell Trader Corp: Reuters
British private equity firm Apax Partners LLP is exploring a sale of Trader Corp which could value the Canadian provider of advertising for automotive dealers at more than US$1.5 billion, including debt, sources told Reuters. Apax is working with investment banks that include Goldman Sachs Group Inc on a sale process for Trader, the sources said. Trader will pursue an initial public offering if the acquisition offers it receives do not meet Apax's valuation expectations.
17 June 2016•2 mins read
