Gibson Dunn, Mayer Brown Steer Crestview’s AutoLenders Stake Buy

Gibson, Dunn & Crutcher advised private equity firm Crestview Partners on its majority investment in AutoLenders, a regional company that aims to go national with its “omnichannel” platform for financing, buying, and selling used automobiles.

Mayer Brown advised Berlin, N.J.-headquartered Auto Lenders Liquidation Center Inc. on the transaction, for which no financial details were disclosed.

AutoLenders says the highly fragmented domestic used car market is worth around $840 billion in annual sales, of which its current share is around $700 million annually.

The company’s unique business model covers the “full life cycle of automobiles,” including an approximately $1 billion portfolio ...