trending Market Intelligence /marketintelligence/en/news-insights/trending/KHMIPMwGtIG1HEGhOvwIsg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Hellman & Friedman to acquire Scout24's car classifieds platform in €2.9B deal

Mining Exploration Insights – May 2020

Paypal Well-Positioned To Gain Share In COVID-Related Digital Payments Shift

Essential Energy Insights - May 14, 2020

COVID-19: From Safe Harbor to Rough Seas – The Choppy Outlook for US Public Finance

Hellman & Friedman to acquire Scout24's car classifieds platform in €2.9B deal

Affiliates of private equity firm Hellman & Friedman LLC agreed to buy AutoScout24 GmbH from Scout24 AG in a deal that values the German car classifieds platform at about €2.9 billion.

Scout24 said the deal value equates to a multiple of 26.1x on AutoScout24's ordinary operating EBITDA of the last 12 months, as of September. The transaction, which includes FinanceScout24 AG and Finanzcheck, is slated to close during the first half of 2020.

The digital real estate and automotive platform operator said the deal caps off a strategic review launched in August, while allowing its management board to fully concentrate on ImmoScout24 and develop the ecosystem for real estate in Germany.

Scout24 plans to return the proceeds from the sale to its stockholders in the form of distributions, which will be subject to supervisory board and shareholder approvals. It will also use a portion of the proceeds to retire existing debt.

Hellman was reported earlier to be among the shortlisted bidders for AutoScout24, along with fellow buyout firms Permira Advisers Ltd. and Apax Partners LLP.

Credit Suisse and Morgan Stanley were the financial advisers to Scout24 on the deal.