Private equity firm BC Partners has acquired a majority stake in technology platform CarTrawler.
Insight Venture Partners is co-investing in the business with a minority stake while the management will retain a significant shareholding.
CarTrawler, which also operates Holiday Autos and Argus Car Hire, will now receive more funding to expand internationally and grow its functionality.
“We are very excited to be partnering with the management team at CarTrawler, with a view to fully maximising the company’s growth potential on a global scale. CarTrawler offers a truly unique proposition to its online travel partners, enabling them to optimise the revenue potential from car rental through offering end customers access to an unrivalled breadth of rental options across many suppliers,” said Matthew Tooth, senior partner at BC Partners. “For suppliers, CarTrawler facilitates access to many distribution channels that would otherwise not be available. CarTrawler’s management team has been truly visionary in building the technology platform and developing its commercial acumen; we look forward to helping them grow the business further.”
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