Francisco Partners has agreed to acquire a majority stake in OEConnection LLC from Genstar Capital, the companies announced today. Financial terms were not disclosed. OEConnection serves 45 vehicle manufacturers, 30,000 auto dealers and 135,000 wholesale customers across six countries. Genstar Capital, Ford Motor Co. and General Motors will remain minority investors in the transaction. Genstar […]
Genstar Reported Exploring Potential $5 Billion Sale of OEConnection
According to a report by Reuters today, private equity firm Genstar Capital is considering the sale of OEConnection that could value the provider of ecommerce tools for collision repair parts and OEM certified repair network management at up to $5 billion. According to Reuters report, Genstar has engaged investment bankers to advise on a potential […]
Genstar Capital Completes Acquisition of OEConnection
OEConnection LLC (OEC) and Genstar Capital announced they have finalized the deal for Genstar to acquire a majority stake in OEC from Providence Equity Partners that was announced in August. Current investors, Ford Motor Company and General Motors, will each retain their minority investments in the Company. Financial terms of the transaction were not disclosed. […]
Genstar Capital Acquires Majority Stake in OEConnection
OEConnection LLC (OEC) Providence Equity Partners L.L.C. and Genstar Capital, announced an agreement for Genstar to acquire a majority stake in OEC from funds advised by Providence. As part of the transaction, current investors Ford Motor Company and General Motors will each retain their minority investments in the Company. Financial terms of the transaction were […]