December 14, 2023

Cox Enterprises, Inc. disposes Manheim Canada business to OPENLANE for C$130 million

Goodmans LLP advised Cox Enterprises, Inc. in the disposition of Cox Automotive’s Manheim Canada business to OPENLANE for C$130 million.

The sale included Cox’s Manheim Montreal facility and auction sales, operations and select staff across Manheim Canada. This was a significant divestiture for Cox as it represented an exit from the wholesale automobile auction business in Canada.

Goodmans LLP continues to be a leader in the corporate and M&A space, bringing strength to advising major multinational corporates and financial institutions involved in high-value, multi-jurisdictional M&A, reorganisations and corporate governance matters. — The Legal 500 Canada
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The Corporate/Commercial team at Goodmans make it seem as though we are their only client. They are our go-to external corporate-commercial counsel. — Chambers Canada
Clients note, "They have a good team of very experienced lawyers who know the process, " adding, "They have a good bench strength." — Chambers Canada
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One interviewee reported, "The Goodmans team as a whole is excellent," adding: "The lawyers are very responsive and get the job done. It is of great assurance to have them as our legal advisers." — Chambers Canada
One client noted, "...they handled a very complicated transaction involving many jurisdictions and did a very good job. They are always able to make comparative decisions through a relatively simple way and try to balance risk and find solutions." — Chambers Canada
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Interviewees praise the firm's work on cross-border matters, saying: "The team's coordination is superb, its work ethic unparalleled and the service excellent." — Chambers Global
One client noted, "very strong legal minds, focus in on the business issues...good communicators, include my internal team as much or as little as we may want on a particular project." — IFLR1000
....punches above its weight for big-ticket M&A in Canada, recently advising on substantial transactions in mining, energy, technology and cannabis sectors. — Chambers Global
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Cox Enterprises, Inc. disposes Manheim Canada business to OPENLANE for C$130 million

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Cox Enterprises, Inc. disposes Manheim Canada business to OPENLANE for C$130 million

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