Livingbridge Acquires CitNOW Group from Tenzing
July 19, 2022
Livingbridge has invested in CitNOW Group, a UK-based provider of front-office software for automotive dealerships, in a deal that sees Tenzing exit while materially reinvesting alongside the new investor. Tenzing generated a 9.6x return on its investment and a 74% IRR; Livingbridge said the investment will accelerate CitNOW's product roll-out, acquisitive growth in the UK and Europe, and further technology development.
- Buyers
- Livingbridge
- Targets
- CitNOW Group
- Sellers
- Tenzing
- Industry
- Software
- Location
- United Kingdom
- Transaction Type
- Buyout
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