Providence Equity Partners, a private equity investment firm, has acquired a significant stake in A2MAC1, a provider of vehicle benchmarking insights and services in the mobility industry, from Five Arrows Principal Investments.

A2MAC1 works with global customers in the automotive and mobility supply chain and serves original equipment manufacturers (OEMs) and original equipment suppliers (OESs), as well as their suppliers. The A2MAC1 service is used by over 650,000 users from over 500 customers globally. Five Arrows and A2MAC1’s management team will reinvest their proceeds from the transaction.

“We believe A2MAC1 is an outstanding business that is poised to benefit from strong tailwinds as the automotive and mobility industry evolves and demands new technologies, intelligence, and efficiencies,” says Karim Tabet, senior managing director and co-head of Europe, and David Noell, senior managing director and co-head of North America at Providence. “In many ways, A2MAC1 is at an early stage, and we see great potential for its continued growth through providing more value to its global OEM and OES customers.”

Providence was advised by Raphael Financial Advisory and Arma Partners (M&A), Kirkland & EllisAllen & Overy, and Gide Loyrette Nouel (Legal), FTI Consulting(Financial), Roland Berger (Commercial), West Monroe (Technology), and PwC (Tax).