CarTrawler

CarTrawler was founded in 2004 by brothers Greg and Niall Turley.^[5] In February 2014, as part of a debt-secured deal worth €450 million, CarTrawler was sold to investment firms BC Partners and Insight Ventures Partners.^[9] BC Partners received a controlling stake for an undisclosed amount, while Insight Ventures Partners acquired a minority stake. A "significant portion" of the shares remained with local management.^[10] It was reported that BC Partners and Insight Ventures Partners used €150 million in debt financing to complete the transaction.^[11]

In August 2015, CarTrawler entered into an exclusive partnership agreement with Ryanair.^[12] In September 2017, Ryanair announced an extension of this agreement for another two years.^[13]

In May 2020, British private equity group TowerBrook Capital Partners invested €100 million to acquire CarTrawler.^[1][14][15] The acquisition was driven by the company's difficulties amid COVID-19 restrictions.^[5][16] It was noted that BC Partners and Insight Ventures Partners suffered significant losses from this deal.^[17][18]