WeBuyCars is a South African leading trader of used vehicles through its data and technology-led vertically integrated physical and
e-commerce infrastructure.
The introduction of a strategic shareholder to take WeBuyCars to the next level.
Pallidus’ corporate finance advisory team advised WeBuyCars on the initial acquisition by Transaction Capital of a 49% interest in WeBuyCars. Following the success of the initial 49% acquisition, Pallidus advised WeBuyCars on the additional investment by Transaction Capital to acquire a further 25% in WeBuyCars. Pallidus played an integral role in assisting the parties in negotiating and agreeing on a transaction and ensuring the effective implementation thereof within extremely tight timelines.
Our Client
SECTOR
Automotive
TYPE
Domestic – Listed
PALLIDUS’ Role
Sole corporate finance advisor to WeBuyCars’s iro a disposal of a further 26% stake to Transaction Capital
TRANSACTION TYPE
Merger and Acquisition
TERRITORY
South Africa
Deal Size
R1.6 billion
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