ADESA Acquires OpenLane for $210,000,000
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=85945249-409c-48c5-ab36-e43b5a1ecdc6&Preview=1 -
Date
8/15/2011 -
Company Name
OpenLane -
Mailing Address
2200 Bridge Parkway Redwood City, CA 94065 -
Company Description
OPENLANE, Inc. is a leading online auction company in North America for automotive dealers to buy and sell wholesale vehicles. The company offers end-to-end auto remarketing solutions to auto manufacturers, captive finance companies, lease and daily rental companies, financial institutions and wholesale auto auctions throughout the United States and Canada. -
Website
http://www.openlane.com -
Transaction Type
M&A -
Transaction Amount
$210,000,000 -
Transaction Round
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Proceeds Purposes
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M&A Terms
The acquisition will be paid for with all cash.
