Providence Equity Partners’ Acquisition of a Majority Stake in La Centrale

Kirkland & Ellis, KPMG Avocats and Elvinger Hoss Prussen advised Providence Equity Partners on the deal.

Providence Equity Partners L.L.C. (“Providence”), a premier private equity firm that specializes in the media, communications, education, software and services industries,  entered into exclusive negotiations for the acquisition of a majority stake in Groupe La Centrale, a leading provider of car classifieds in France, from Axel Springer. Financial terms were not disclosed.

Groupe La Centrale is comprised of four brands through which it covers the entire lifecycle of a vehicle: La Centrale, Promoneuve, Caradisiac and MaVoitureCash. Upon completion, Providence would support the continued development of the Company’s best-in-class, multi-dimensional digital platform and seek opportunities to expand capabilities that will enhance customer satisfaction through investment in value-add services. The transaction will enable Axel Springer to focus even more on its growth and investment strategy in the jobs and real estate sectors, within its digital classifieds offering.

The Kirkland team advising Providence Equity Partners was led by transactional partner Vincent Ponsonnaille (Picture) and associates Emmanuel Enrici and Lucy Bower; tax partner Nadine Gelli and associate Sonia Bouaffassa; antitrust & competition partner Paula Riedel and associate Philipp Gnatzy.

The KPMG Avocats team included Jérôme Talleux, Jean-David Parent and Julie Ansoult.

The Elvinger Hoss Prussen team was led by partner Anna Hermelinski-Ayache.

Involved fees earner: Anna Hermelinski-Ayache – Elvinger Hoss Prussen; Sonia Bouaffassa – Kirkland & Ellis; Lucy Bower – Kirkland & Ellis; Emmanuel Enrici – Kirkland & Ellis; Nadine Gelli – Kirkland & Ellis; Vincent Ponsonnaille – Kirkland & Ellis; Paula Riedel – Kirkland & Ellis; Julie Ansoult – KPMG; Jean-David Parent – KPMG; Jérôme Talleux – KPMG; Philipp Gnatzy – Latham & Watkins;

Law Firms: Elvinger Hoss Prussen; Kirkland & Ellis; KPMG; Latham & Watkins;

Clients: Providence Equity;