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SEARCHlanelogic Inc. and Copart Inc. recently closed a $10 million dollar equity investment from the Dallas-based hedge funds HBK Investments L.P., Cain Capital, L.L.C. and Bruce Thompson.
DALLAS — lanelogic Inc. and Copart Inc. recently closed a $10 million dollar equity investment from the Dallas-based hedge funds HBK Investments L.P., Cain Capital, L.L.C. and Bruce Thompson.
HBK Investments L.P. manages in excess of $11 billion in equity capital through offices in Dallas, New York, London, Tokyo and Hong Kong. Cain Capital, L.L.C. is a family office in Dallas, Texas.
lanelogic’s national rollout continues March 19, 2007 with the addition of 300 new dealers to the trading network from the Southeast and Northeast regions. These new trading participants will expand trading network to the Eastern U.S.
“lanelogic chose HBK and Cain Capital due to their size, access to capital and trading expertise,” stated Bruce Thompson, lanelogic’s founder and CEO. “lanelogic continues to set industry benchmarks with internet-based wholesale buy bids, put options, dynamic ideal inventory models that provide dealers a constant supply of their core units and a revolutionary buyback guarantee on every lanelogic-provided vehicle.”
Since its first trade in May 2006, the company has rapidly expanded its service beyond the Dallas trading area to include all of Texas, Oklahoma, Kansas, Missouri, Illinois, Wisconsin, Indiana, Michigan and Ohio.
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