General Atlantic and CPP Investments to Acquire Boats Group in $2 Billion Deal

General Atlantic and CPP Investments have agreed to acquire Boats Group, an online marketplace for recreational boats, in a deal that values the company at over $2 billion. The private equity firm Permira, the current owner of Boats Group, will retain a minority stake in the company, according to a statement on Bloomberg Terminal on Thursday that confirmed an earlier Bloomberg News report. The acquisition is one of the largest deals in the e-commerce and online marketplace space this year, with the deal size exceeding $2 billion. This valuation represents a significant premium to the company's estimated $1.5 billion valuation in 2022, indicating a substantial increase in the company's value over the past year. The deal is also a testament to the growing demand for online marketplaces and e-commerce platforms in the recreational boating industry. The acquisition is expected to have a significant impact on the online marketplace space, as General Atlantic and CPP Investments plan to expand Boats Group's operations and increase its market share. The deal is also seen as a strategic move by General Atlantic and CPP Investments to tap into the growing demand for online marketplaces and e-commerce platforms in the recreational boating industry. Boats Group is an online marketplace that connects buyers and sellers of recreational boats, with a presence in over 20 countries worldwide. The company has seen significant growth in recent years, with its revenue increasing by over 50% in 2022 compared to the previous year. The company's acquisition by General Atlantic and CPP Investments is expected to further accelerate its growth and expansion plans. The deal is also a significant vote of confidence in the online marketplace space, which has seen significant growth in recent years. The acquisition is expected to set a new benchmark for deal sizes in the e-commerce and online marketplace space, with many industry observers expecting larger deals in the future. General Atlantic and CPP Investments are well-positioned to take advantage of the growing demand for online marketplaces and e-commerce platforms in the recreational boating industry. The two investors have a combined portfolio of over $100 billion, with a significant presence in the e-commerce and online marketplace space. The acquisition of Boats Group is expected to be a strategic move by the two investors to tap into the growing demand for online marketplaces and e-commerce platforms in the recreational boating industry. In conclusion, the acquisition of Boats Group by General Atlantic and CPP Investments is a significant development in the online marketplace space, with the deal valuing the company at over $2 billion. The acquisition is expected to have a significant impact on the online marketplace space, with the two investors planning to expand Boats Group's operations and increase its market share. The deal is also a testament to the growing demand for online marketplaces and e-commerce platforms in the recreational boating industry.