Carsales buys stake in Stratton Finance

Carsales has announced the purchase of 50.1% of Stratton Finance, ‘one of the highest traffic generating vehicle finance websites in Australia with over a million visits per year’.Stratton was founded in 1998 by Rob Chaloner who remains as managing director and who is – we presume – selling at least some of the shares into the deal and retaining some of the other 49.9%, but the announcement doesn’t provide specifics.Earnings before interest, tax, depreciation and amortisation (EBITDA) has grown by 50% a year over the past three years, although its actual level is not disclosed. Carsales will pay $60m for...

Carsales has announced the purchase of 50.1% of Stratton Finance, ‘one of the highest traffic generating vehicle finance websites in Australia with over a million visits per year’.

Stratton was founded in 1998 by Rob Chaloner who remains as managing director and who is – we presume – selling at least some of the shares into the deal and retaining some of the other 49.9%, but the announcement doesn’t provide specifics.

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