Auto Trader Group plc (LSE:AUTO) agreed to acquire Auto Trader Group plc (LSE:AUTO) for £200 million on March 22, 2022. Auto Trader will pay initial consideration of £150m in cash, with a further £50m of deferred consideration to be settled in shares subject to customary performance conditions 12 months after the completion date. At December 31, 2021, Autorama had £27 million of gross assets and net revenue of £26 million, EBITDA loss of £6 million. Transaction is subject to regulatory approval. Andrew Gillen of Travers Smith LLP acted as legal advisor to Auto Trader Group.

Auto Trader Group plc (LSE:AUTO) completed the acquisition of Autorama UK Ltd on June 22, 2022.