Leading vehicle history report provider CarProof, has announced the sale of a minority stake in the company to Hellman & Friedman, a San Francisco-based private equity investment firm with offices in London, New York and San Francisco.
“Hellman & Friedman is thrilled to invest in and partner with CarProof,” remarked Ed Woiteshek from Hellman & Friedman. “We recognize that the vehicle history report industry is one with very strong potential and see this partnership as an incredible opportunity for both companies. We are enthusiastic about CarProof’s strategic vision for the future and are excited to support the company in its next phase of growth.”
“CarProof is at the intersection of two areas of expertise for Hellman & Friedman — investing in world class data and information services businesses and partnering with exceptional business leaders like Paul Antony and his co-founders through minority investments,” said Patrick Healy, deputy CEO of Hellman & Friedman.
“Hellman & Friedman has a vast amount of experience across multiple industries and a fantastic track record of partnering with and scaling outstanding franchises,” remarked Paul Antony, president and CEO at CarProof. “It was important for us to find a partner that would help us grow our company both strategically and organically while maintaining our core philosophy and corporate culture.
We feel honoured to work with Hellman & Friedman, a company that has such an impressive pedigree,” Antony said.
“Leveraging each other’s strengths and relationships will create tremendous value for our customers and partners.”
Jefferies LLC, the global investment banking firm, acted as financial advisor to CarProof during the sale.
