Private equity firm acquires majority stake in CarTrawler

Monday 24 March 2014 18.23
CarTrawler provides a technology platform for online car rental
CarTrawler provides a technology platform for online car rental

Private equity firm BC Partners is to acquire a majority stake in Dublin-based firm CarTrawler.

Management at CarTrawler, which supplies a technology platform for online car rentals, will retain a shareholding in the company, while Insight Venture Partners will also acquire a minority stake.

The terms of the deal have not been disclosed.

CarTrawler has over 1,000 partners – including Emirates Airlines, Michelin and American Express.

It also operates the online car rental sites of Holiday Autos and Argus Car Hire.

BC Partners is the owner of the British retailer Phones4U and had previously invested in airline booking technology company Amadeus.