Dealertrack Technologies, Inc.
O’Melveny advised Dealertrack Technologies, Inc., a leader in software solutions and services for automotive retailers, in its US$4 billion sale to Cox Automotive, Inc., a leading provider of digital marketing, wholesale, and e-commerce solutions across the automotive industry. Cox Automotive acquired Dealertrack in an all-cash transaction valued at approximately US$4 billion or US$63.25 per share. O’Melveny was also instrumental in obtaining antitrust approval for the transaction. O’Melveny had previously represented Dealertrack in more than a dozen M&A transactions, including the US$1 billion cash and stock acquisition of Dealer.com, a provider of marketing and operations software and services for the automotive industry; the cross-border acquisition of incadea plc, a publicly traded Jersey, Channel Islands, company listed on the AIM Market of the London Stock Exchange that provides DMS software and services to the global automotive retail market; and the acquisition of substantially all of the assets of ASR Pro, LLC, a provider of web-based electronic multipoint-inspection and fixed operations services for automotive dealerships.