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October 08, 2020
Cadwalader advised Dealer Car Search, a provider of technology services to more than 6,000 pre-owned auto dealers, in its sale to LeadVenture, a provider of digital storefront and digital retail services that serves over 35,000 dealership rooftops across 13 vertical markets. Following the transaction, Dealer Car Search will continue to operate as a premier auto retail website and marketing provider under the umbrella of LeadVenture's brand. Financial terms were not disclosed.
This transaction further bolsters Cadwalader’s position as a market leader in the automotive software sector, with a track record of advising on many of the most significant transactions in the sector, including advising ELEAD1ONE in its sale to CDK Global, fusionZONE Automotive in a major growth investment by Primus Capital, and Dealer Product Services in its merger with OneCommand, Peak Performance and TimeHighway.com to form Affinitiv, Inc.
The Cadwalader team was led by Corporate partner Daniel Raglan and included associates Marianna Wonder and Frank Bozzi; Intellectual Property partner Dorothy Auth and associate Dash Cole; and Real Estate special counsel Michael Anglin.