Internet Brands’ Autodata Solutions to be Acquired by Thoma Bravo
04.30.19
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The Firm is representing Internet Brands, a KKR portfolio company, in connection with Internet Brands’ proposed sale of its Autodata Solutions Group to investment funds affiliated with Thoma Bravo, LLC. Financial terms of the transaction were not disclosed. The transaction is expected to close in the coming weeks, subject to customary closing conditions.
The Autodata Solutions Group serves the global automotive industry with versatile data, technology, and marketing solutions. Founded in 1990, the company is headquartered in London, Ontario, Canada and has offices in Troy Michigan, Portland, Oregon and Minneapolis, Minnesota. Autodata Solutions, along with its Chrome Data and UnityWorks brands, serves the automotive industry with software and SaaS solutions that increase the effectiveness of the automotive sales chain.
The Simpson Thacher team includes Marni Lerner, William Allen, Justine Chiu and Katherine Smith (M&A); Adam Moss (Credit); David Rubinsky, Patricia Adams and Caitlin Lucey (Employee Benefits and Executive Compensation); Sophie Staples and Sarah Duffy (Tax); Lori Lesser, Marcela Robledo, Genevieve Dorment and Melanie Jolson (Intellectual Property); Adeeb Fadil (Environmental); and Krista McManus (Real Estate). Donovan Westbrook also provided valuable assistance.