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Goodmans Deals & Cases

This section contains brief summaries of selected significant cases and transactions.  You'll also find representative lists  - by year - of major transactions and cases where Goodmans' involvement is a matter of public record or where inclusion in the list has been authorized by our clients.

Apax Partners Completes Acquisition of Trader Corporation from Yellow Media Inc.

2011

Areas Banking and Finance Law, Commercial Real Estate, Competition, Antitrust and Foreign Investment, Employment and Labour, Intellectual Property , Pensions, Private Equity, Tax, Technology

Summary

Goodmans represented Funds advised by Apax Partners in connection with the completion of its acquisition of Trader Corporation's automotive segment from Yellow Media Inc. The transaction, previously announced on March 25, 2011, was completed for a net purchase consideration of $708 million, net of expenses and estimated working capital, fees and other adjustments. Trader's automotive segment is comprised of Canadian automotive and generalist online properties including AutoTrader.ca, Autos.ca, AutoHebdo.net, and Buysell.com, as well as 74 related publications.  In addition, Trader will retain its interest of approximately 30% in Dealer.com, the leading US digital solutions provider to the automotive dealer segment. Apax Partners is one of the world’s leading private equity investment groups. It operates across the United States, Europe and Asia and has more than 30 years of investing experience. Funds under the advice and management of Apax Partners globally total around $40 billion.