January 04, 2014
Weil advised Providence Equity Partners in the sale of its 25 percent equity interest in AutoTrader Group to Cox Enterprises, Inc. The transaction closed on January 4, 2014.
Providence Equity Partners is the leading global private equity firm specializing in equity investments in media, communications, education, and information companies around the world. In total, the firm's principals manage funds with $37 billion in commitments and have invested in more than 130 companies globally since the firm's inception in 1989. AutoTrader Group operates the largest digital automotive marketplace in the US and is a leading provider of software solutions to automotive dealers throughout the nation. Cox Enterprises is a leading communications, media and automotive services company.
Private Equity partner Kevin J. Sullivan, based in Boston, led the Weil team on the transaction.