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Hellman & Friedman takes minority stake in CarProof

CarProof, the Canadian vehicle history report provider, has sold a minority stake in the company to Hellman & Friedman, a San Francisco-based private equity investment firm with offices in London, New York and San Francisco.

 
"Hellman & Friedman is thrilled to invest in and partner with CarProof," says Ed Woiteshek from Hellman & Friedman. "We recognise that the vehicle history report industry is one with very strong potential and see this partnership as an incredible opportunity for both companies. We are enthusiastic about CarProof’s strategic vision for the future and are excited to support the company in its next phase of growth."
 
"Hellman & Friedman has a vast amount of experience across multiple industries and a fantastic track record of partnering with and scaling outstanding franchises," says Paul Antony, president and chief executive at CarProof. "It was important to us to find a partner that would help us grow our company both strategically and organically while maintaining our core philosophy and corporate culture. We feel honoured to work with Hellman & Friedman, a company that has such an impressive pedigree. Leveraging each other’s strengths and relationships will create tremendous value for our customers and partners."
 
Jefferies LLC, the global investment banking firm, acted as financial advisor to CarProof.

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