Deals
Thoma Bravo Is Exploring a Sale of Canadian Auto Marketplace Trader
- Ontario-based Trader could be valued at $2.9 billion or more
- Thoma Bravo’s effort to sell J.D. Power unsuccessful so far
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Thoma Bravo is exploring the sale of Trader, a Canadian automotive marketplace and software provider, according to people with knowledge of the matter.
The private equity firm is working with an adviser to solicit interest from potential buyers, said the people, who asked not to be identified discussing confidential information. The company could be valued at C$4 billion ($2.9 billion) or more, including debt, the people said.