Transaction
Transaction Details
Closed
September 4, 2019
Sector
Technology, Software, Business Services
Deal Type
Mergers and Acquisitions
GCA Advised Providence Strategic Growth on the Acquisition of I'Car Systems and Datafirst
GCA is pleased to announce we advised Providence Strategic Growth on its acquisition of I’Car Systems and Datafirst, leading software providers for automotive manufacturers and dealers, from Argos Wityu, an independent private equity group.
I’Car Systems and Datafirst merged in April 2018 with the support of Argos Wityu. Together, they provide a full range of technology solutions: integrated dealer management systems, customer relationship management and web and business intelligence solutions for vehicle distribution. Tens of thousands of users at vehicle manufacturers and dealers, as well as their partners, rely on the companies’ products and services.
Providence Strategic Growth (“PSG”) is the growth equity affiliate of Providence Equity Partners, a global sector-focused asset management firm with offices in Providence, Rhode Island, New York and London. The transaction is PSG’s first investment in France.
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