IHS Automotive acquires PE-backed CARPROOF for $650 mln

IHS Automotive announced this week that it has acquired CARPROOF Corporation, a London, Ontario-based provider of comprehensive used vehicle history reports, for approximately $650 million. A portfolio company of U.S. private equity firm Hellman & Friedman, PE Hub Canada reported on CARPROOF's acquisition of Canadian Red Book in July 2014

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