Thoma Bravo Said to Be Exploring Sale of Auto Marketplace Trader

Thoma Bravo is exploring the sale of Trader, a Canadian automotive marketplace and software provider, according to people with knowledge of the matter.

The private equity firm is working with an adviser to solicit interest from potential buyers, said the people, who asked not to be identified discussing confidential information. The company could be valued at C$4 billion ($2.9 billion) or more, including debt, the people said.

The deliberations are ongoing and Thoma Bravo could still opt to keep the company, the people said.

A representative for Thoma Bravo declined to comment. A spokesperson for Trader didn’t immediately respond ...