The transaction, which is subject to customary closing conditions and is expected to close by the fourth quarter of 2016, amounts to approximately C$1.575 billion.
Thoma Bravo will help Trader expand its product portfolio organically and through strategic investments and acquisitions.
Led by Sebastian Baldwin, President and CEO, Trader Corporation is a digital automotive marketplace providing a comprehensive set of marketing software solutions to Canadian dealers. Its online properties — autoTRADER.ca™, autoHEBDO.net™ and Autos.ca — have 13 million visits per month, listing over 450,000 vehicles.
In addition, the company provides software solutions for dealer customers to improve business, inventory, and marketing decision making processes.