FIH Partners advises the founder and shareholders on the majority divestment of AUTOproff to AutoScout24.
AUTOproff is a digital vehicle B2B platform, empowering dealers to seamlessly sell and acquire vehicles via online auctions. AUTOproff has an outstanding track record of growth since its founding in 2013, and auctioned over 120,000 vehicles in 2021. The company is the leading digital B2B platform in Denmark and has a fast-growing presence across Europe.
The combination with AutoScout24 will help accelerate AUTOproff’s European expansion, and enable the creation of Europe’s first fully integrated C2B-B2B-B2C used car trading solution.
The acquisition adds wholesale to AutoScout24’s offering and will enable car dealers to sell and acquire vehicles digitally across Europe at both retail and wholesale. Furthermore, dealer customers will gain access to new sources of inventory and to new solutions to enhance the efficiency of their trade-in and wholesale businesses.
The AUTOproff management team will retain a stake and continue to run the business.
The transaction is expected to close during Q2 2022.
FIH Partners acted as exclusive M&A advisor to the founder and shareholders on the transaction.