Alantra advises Autofact on 50.1% stake sale to CAR Group

Apr 2024

Sell-side advisory

Santiago – Alantra is pleased to announce that it has advised the shareholders and founders of Autofact on the sale of a 50.1% stake to CAR Group (ASX:CAR), a world-leading technology and advertising platform for vehicles.

Founded in 2012, Autofact is the leading auto infotech company in Chile, compiling public and private information from data sources and databases using proprietary technology, consolidating the most complete vehicle-related information data lake in Chile.

Additionally, the company has developed the most comprehensive online title transfer service in Chile, with more than 1 million vehicle ownership transfers, positioning Autofact as a market leader in Chile.

Autofact’s flagship solutions, the Vehicle History Report, Vehicle Price Report and the Online Title Transfer service, will complement chileautos.cl and CAR Group’s current offering in Chile, further enhancing its position in the region.

CAR Group (ASX: CAR) founded in 1997, delivers world leading technology and advertising solutions designed to make vehicle buying and selling a great experience, with wholly owned digital marketplace businesses in Australia (carsales), South Korea (Encar), the United States (Trader Interactive) and Chile (chileautos) in addition to being a majority shareholder of webmotors in Brazil.