Private equity eyes CarTrawler
CarTrawler has received interest from a number of private equity buyers in its €100m sale.
Three unnamed private equity houses are reported to be in the running to buy the business. Rumours say the bidders have been in touch with Irish financial institutions to discuss debt finance to complete the deal.
The sale is understood to be advised by corporate finance firm Torch Partners.
CarTrawler is based in Dublin and had a turnover of €142m last year. The company emerged from Argus Car Hire and was founded in 2004. CarTrawler is a car rental distribution service with clients including Emirates, Virgin Blue, Gulf Air and BMI Baby.
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