IFLR1000

TDR Capital £1.9 billion acquisition of BCA Marketplace

26/6/2019
Public acquisition
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£ 1.9 billion

$ 2.394 billion

Announced

26/6/2019

Overview:

  • TDR Capital has made a £1.9 billion bid for BCA Marketplace.
  • BCA is a provider of automotive aftermath services, including used car sale site We Buy Any Car.
  • The bid is being enacted through SPV BBD Bidco.
  • The company rejected a bid from Apax Partners in 2018.
  • Bank of America Merrill Lynch and HSBC are acting as financial advisers.

Sam Duke

Jurisdiction:

United Kingdom

Deal type:

Public acquisition

Practice area:

Private equity

Industry sectors:

Consumer goods and services
Automotive

Firms:
Ashurst

Party: Bank of America Merrill Lynch (Financial adviser)

Lawyers: Karen Davies, Tim Rennie, Tom Mercer

Bryan Cave Leighton Paisner

Party: BCA Marketplace (Target)

Lawyers: Benjamin Lee, Nicholas Myatt

Linklaters

Party: TDR Capital (Acquirer)

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