WeBuycars

Our Client

WeBuyCars is a South African leading trader of used vehicles through its data and technology-led vertically integrated physical and

e-commerce infrastructure. 

Solution Required

 The introduction of a strategic shareholder to take WeBuyCars to the next level. 

Outcome

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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