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BoI among lenders to take hit as CarTrawler is sold for third time

 

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CarTrawler

CarTrawler

CarTrawler

CarTrawler, an Irish technology company that provides digital car-hire services to the travel industry, has been bought for €100m in a deal that sees owners and lenders suffer losses.

The sale to British private equity firm TowerBrook Capital means outgoing owners BC Partner and Insight Ventures are set to walk away empty- handed after paying €450m to buy the company.

Lenders, including Bank of Ireland, will also suffer significant losses.