Carsales – exit of Stratton Finance to Management
Miles Advisory Partners advised Carsales on the exit of its interest in Stratton Finance to its management team.
Transaction Details
Sector
Business Services
Miles Role
Sell-side advisor to Carsales
Deal Type
Management Buy-out
Year Completed
2020
Contacts for this Transaction
Lloyd Way
Managing Director
Overview
- Stratton Finance is an Australian vehicle finance and insurance broking business, providing finance and insurance solutions across cars, marine and other assets
- Carsales (ASX: CRZ) held a majority interest in Stratton Finance; Miles was engaged to advise Carsales on its exit of the business to a management team
- The management buy-out allowed Carsales to divest a non-core operation and refocus on its core online marketplace and international growth priorities, while returning Stratton to management ownership
