CarTrawler looks set to be sold a third time

Technology firm CarTrawler looks set to be on the market again, as its private equity owner looks to cash in on its investment.

The firm, which produces car-hire software for airlines and travel agencies, was founded by brothers Niall and Greg Turley in 2004, having grown out of a family business, Argus Car Hire.

In 2011, the brothers netted up to € 90 million when UK private equity group ECI Partners acquired between 50-100 per cent of the company’s equity.

Subsequently, European private equity firm BC Partners took a majority stake in the business, with management also retaining a significant shareholding, in a deal that was said to be valued at about €450 million.

PlayOn fantasy sports gaming company values itself at €35m

---

Niall Quinn’s Q-Sat switched off over dispute with British provider

---

Three backtracks on plan to restrict data roaming

---

Cyberattackers claim just $92,000 from ransom demands

---

Now The Sunday Times has reported that BC Partners is planning to sell the business again, in a deal that could be worth £600 million (€694 million).

Private equity investors Advent International and KKR are said to be potential interested parties. The private equity group is also said to be weighing a stock market listing along with the sale.

According to Top1000.ie, CarTrawler had estimated turnover of about €620 million in 2016, and employs some 550 people.