At what enterprise value was CARNEXT acquired in 2021?

You can find the full valuation details of CARNEXT on mynth capital. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the TMT (Tech, Media, Telecom) industry currently tracks an average EBITDA multiple of 13.4x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of CARNEXT when it was acquired by CONSTELLATION AUTOMOTIVE?

The exact EV/EBITDA multiple for CARNEXT is available on mynth capital. For comparison, the TMT (Tech, Media, Telecom) sector currently shows an average EBITDA multiple of 13.4x. Join our community for free to access full valuation data and industry trends.

When was CARNEXT acquired by CONSTELLATION AUTOMOTIVE?

CARNEXT was acquired by CONSTELLATION AUTOMOTIVE in 2021.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the CARNEXT acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the CARNEXT deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.tdrcapital.com/constellation-automotive-group-and-carnext-combine-to-create-the-leading-pan-european-used-car-digital-marketplace/

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Home Database TMT (Tech, Media, Telecom)CARNEXT

12/2021

CARNEXT

Acquired by

CONSTELLATION AUTOMOTIVE

UNITED KINGDOM Media & Internet / E-commerce & Marketplaces REV 1m GBP - 100m GBP

CARNEXT acquired by CONSTELLATION AUTOMOTIVE

UNITED KINGDOM Media & Internet / E-commerce & Marketplaces REV 1m GBP - 100m GBP

Context

The acquisition of CarNext by Constellation Automotive Group creates a leading European digital used car marketplace, selling more than 2.5 million cars annually for a Gross Merchandise Value of €21bn. The combination of CarNext and Constellation expands the group's vertically integrated C2B, B2B, and B2C marketplace model across seven major European countries, allowing the group to reach unmatched scale. The addition of CarNext's proprietary data analytics and historic European used car transaction data will give Constellation an edge in terms of data and technology excellence. The deal is expected to further boost Constellation's growth across the UK and continental Europe, and comes after the combined group raised more than €2bn this year. The acquisition will allow Constellation to combine the scale of its respective marketplaces to lead the digital transformation of the used car market across Europe.

CARNEXT, which reported an EBITDA margin of LOGIN in 2021, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (13.4x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

CarNext is a leading B2B and B2C digital used car sales marketplace present across 22 European geographies. The company operates a digital B2B auction platform and a B2C marketplace, selling annualized volumes of 40,000 cars in 2021 via its B2C digital marketplace and 210,000 cars via its digital B2B auction platform. CarNext benefits from a long-term supply agreement for 250,000 high-quality used cars annually from LeasePlan, one of the world’s largest car leasing companies, to sell through its B2C and B2B marketplaces. The company's digital B2B auction platform operates in 22 countries across a network of buying partners, while its B2C marketplace is already present in seven of the largest markets across Europe. CarNext's business model is focused on allowing customers to find, finance, buy or sell a used car entirely online from a place they can trust, with a focus on data and technology excellence to drive innovation and growth.

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REFERENCES

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of CARNEXT by CONSTELLATION AUTOMOTIVE are reserved for mynth community members. Register for free to unlock full data.

Authors: mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Acquirer: constellation automotive