BCA Auction welcome
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SHAREHOLDERS in BCA Marketplace are being recommended to accept a £1.9 billion takeover offer.

The offer has come in from private equity house TDR Capital at 243p-a-share.

A statement from TDR Capital said: “BCA is a high-quality business that operates in a market that is changing rapidly, driven by evolving customer demands and digital disruption.

“We are highly supportive of BCA management and believe that with the right investment and support, BCA can continue to grow and evolve its market-leading automotive aftermarket services offering for the benefit of its customers, employees and partners.”

BCA owns We Buy Any Car where revenues topped £1 billion in the year to March 31.

It said the offer gives shareholders the opportunity to receive cash at a significant premium to the prevailing share price and will allow the business to develop as a private, unlisted company.

 

 


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