Investor Presentaiton
Case Study: Constellation Automotive
Company Description:
Largest vertically integrated
digital used car market place
across segments including
consumer to business, business
to business, and business to
consumer
Deal Summary:
Investment
Date
November 2019
Lead
Investor
TDR Capital
NBPE
Fair Value
31/5/21
$22 million
Percent of
Fair Value
1.6%
31/5/21
Highlights:
Investment
Thesis
✓ Market leading position
✓
Scalable M&A platform
✓ Strong financial profile
Key NBPE
Themes
✓ Technology
✓ E-commerce
✓ Defensive business model
Stable Platform/
Growth
cinch
BCA
Core
Business
Positioned
for Growth
CONSTELLATION
AUTOMOTIVE
GROUP
BCA cinch
Strong GP
Partner
TDR Capital
Business
Transformation
Shift from physical to digital
auctions with 100% of remarketing
activity now online
Recent
Developments
Cinch launched in October 2020.
Annualised sales of over 45,000
vehicles; avg growth of 45% month
over month
Note: Data as of 31 May 2021. Past performance is not an indicator, guarantee or projection of future performance.
NEUBERGER BERMAN
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