Vista’s Acquisition of Solera — Maybe Not

Vista’s Acquisition of Solera — Maybe Not

September 22, 2015 — Vista Equity Partners’ pending $6.5 billion acquisition of Solera Holdings may be on hold as news leaked this week that another buyer has entered the picture creating what may be a bidding war for the service and collision repair software firm. The new potential buyer is IHS, confirming what we speculated…

This content is for subscribers only.
Log In Subscribe
Cliff Banks - The Banks Report

Reynolds and Reynolds Strengthens European Solution

September 17, 2015 — Reynolds and Reynolds announced today that its European operations has acquired Contact Advantage, a U.K.-based CRM provider with showroom, F&I and lead management solutions. The company just launched a group of several mobile applications designed to let the dealership manage the customer throughout the entire purchase process using an i-Pad. Contact Advantage… Continue Reading

Monster Deals Pending in Automotive Retail

Monster Deals Pending in Automotive Retail

August 22, 2015 — By the end of the year, it is conceivable the automotive retail industry may see at least three publicly traded vendors go private in deals ranging from $4.5 billion to $9-$10 billion. Dealertrack, CDK Global and Solera Holdings, all multi-billion dollar vendors, are either close to or are exploring sales to private…

This content is for subscribers only.
Log In Subscribe
Cliff Banks - The Banks Report

Dealertrack to Sell Inventory Solution to Dealersocket

August 20, 2015 — Dealertrack informed its employees this morning (and announced in a press release) that it is selling its suite of Inventory+ solutions (formerly AAX) to Dealersocket for $55 million in cash. The announcement likely means Cox Automotive’s pending $4 billion acquisition of Dealertrack is nearing commpletion. In-depth analysis of vendor activity in… Continue Reading

Spireon’s Inilex Play Positions It for Future Acquisition

Spireon’s Inilex Play Positions It for Future Acquisition

August 3, 2015 — Two weeks ago, Spireon, backed by private equity firm Bertram Capital, announced the acquisition of privately-held Inilex, a leading GPS recovery solutions provider for an undisclosed sum. The Spireon name probably isn’t familiar to many in the automotive retail space, but it will be soon as the deal could be an intriguing play with significant…

This content is for subscribers only.
Log In Subscribe
Investor Sues to Stop Dealertrack Acquisition

Investor Sues to Stop Dealertrack Acquisition

July 7, 2015 — An investor in Dealertrack filed a lawsuit yesterday afternoon seeking to stop Cox Enterprise’s $4 billion acquisition of the Long Island, NY-based technology firm contending the deal prohibits investors from participating in Dealertrack’s projected growth while providing executives with golden parachutes. The suit claims the agreement is the “culmination of a…

This content is for subscribers only.
Log In Subscribe
Cox’s Acquisition of Dealertrack a Brilliant Move

Cox’s Acquisition of Dealertrack a Brilliant Move

July 2, 2015 — In this report The Banks Report analyzes the financials of Cox’s pending acquisition of Dealertrack; why the deal makes sense; and its effect on the industry and other companies. Background Cox Automotive’s pending acquisition of Dealertrack is big on several levels. Not only is the $4 billion deal the biggest acquisition financially… Continue Reading