RGS Partners acted as the exclusive advisor of Loop, a company previously controlled by Estapar and a leading player in the vehicle remarketing market, on the sale of 51% of its shares to Webmotors, Brazil’s largest online classified for vehicles. The acquisition, made through a strategic agreement with Estapar, benefits car dealers in replenishing their inventories and provides an effective alternative for consumers who want to sell their car quickly.
With the acquisition, Webmotors now offers a more complete portfolio of services to customers who want to buy or sell their vehicles, while Loop operates with the audience of Webmotors, which has more than 25 million online visits per month. In addition, Estapar, which still owns 49% of the company, will ensure the capillarity of the operation, making available its more than 400 thousand vacancies and 15 million monthly clients to boost the company’s results.
Once completed, the transaction secured RGS the “Brazil M&A Deal of the Year” award, nominated by the Global M&A Network. The transaction value was not disclosed.