© Copyright Acquisition International 2025 - All Rights Reserved.

Article Image - Haversham Holdings acquire BCA Marketplace 1.8bn USD
Posted 1st April 2015

Haversham Holdings acquire BCA Marketplace 1.8bn USD

Haversham Holdings said last Thursday that it had agreed to buy the British used car auctioneer and reseller BCA Marketplace in a cash and stock deal for £1.2 billion, or nearly $1.8 billion.

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Haversham Holdings acquire BCA Marketplace 1.8bn USD

British Car Auctions bought by Haversham Holdings

View Biography

BCA

View Biography

Havesham Holdings

Acquirer

Target

Haversham Holdings said last Thursday that it had agreed to buy the British used car auctioneer and reseller BCA Marketplace in a cash and stock deal for 1.2 billion pounds, or nearly $1.8 billion.

The transaction represents the first major deal by Haversham, an investment vehicle formed by Avril Palmer-Baunack, the former chairwoman of the British logistics and support services company Stobart Group, and Marwyn, an investment management company.

Under the terms of the deal, Haversham will pay £711.2 million in cash and issue £104.3 million in shares to BCA’s owners, who include the private equity firm Clayton, Dubilier & Rice. Haversham also will pay £453.2 million in cash to BCA’s lenders.

“The acquisition of BCA represents an important strategic step for Haversham into the automotive sector,” Ms. Palmer-Baunack said in a news release. “BCA is a market-leading business with a unique position in the used vehicle marketplace. Haversham’s management team sees exciting growth opportunities in the changing European used vehicle market and plans to refresh BCA’s strategy to enhance its strong growth record.”

The transaction will be a reverse takeover, which would allow BCA to list its shares publicly. The combined company will be named BCA Marketplace.

Haversham has been publicly listed in London since November, and its shares were suspended this month after it said it was in “very advanced discussions” regarding a potential takeover.

The deal is expected to close in April. Haversham plans to finance the transaction in part by raising £1.03 billion through the issuance of 685.7 million new shares.

BCA, known as British Car Auctions in Britain, sought to go public last year. It called off those plans as economic uncertainty weighed on stock markets in the fall and several initial public offerings performed poorly.

The company is one of the largest resellers of used cars through auctions in Europe.

BCA operates more than 200 locations in 13 European countries, and it sold more than 900,000 vehicles in 2013. It also operates the brand We Buy Any Car, which purchases automobiles for resale.

“We are confident that the talented group of managers at the company, under the leadership of Avril Palmer-Baunack and the Haversham team, will continue to drive strong performance in the future,” David A. Novak, a Clayton, Dubilier & Rice partner, said in a news release.

Categories: M&A, Strategy


You Might Also Like
Read Full PostRead - Eye Icon
Boost Confidence in M&As through Code Audits
M&A
02/01/2024Boost Confidence in M&As through Code Audits

Code is the backbone of every software and digital product. Whether you are planning to buy or sell a business or integrate with a new software, conducting a code audit beforehand is of utmost importance.

Read Full PostRead - Eye Icon
Cryptocurrency Trends for 2022
Finance
19/01/2022Cryptocurrency Trends for 2022

While the crypto market has experienced an incredibly volatile year, it has also seen significant price hikes and sustained growth over the course of the previous 12 months.

Read Full PostRead - Eye Icon
London Rental Market Shifting
Finance
29/06/2015London Rental Market Shifting

London Central Portfolio’s bi-annual lettings audit illustrates that South Kensington and Knightsbridge have seen big rises in rents whilst Mayfair sees slump over last year.

Read Full PostRead - Eye Icon
Insurance for Insurance – Barents RE Have It Covered
Finance
27/01/2020Insurance for Insurance – Barents RE Have It Covered

Over the course of twenty-four years, Barents RE have cultivated a presence across Europe, the Middle East, Latin America and Asia as one of the world’s most established independent reinsurance groups. Now, with up to six hundred reinsurance connections acro

Read Full PostRead - Eye Icon
Brum Costa: Specialists in Finance and Tax Law
Finance
12/01/2018Brum Costa: Specialists in Finance and Tax Law

Brum Costa Abogados specialises in customised consultancy services in management of financial risk and compliance, regulatory advice on banking and financial issues, tax compliance and prevention of money laundering.

Read Full PostRead - Eye Icon
Ones to Watch in IP, 2016 – M&M Advocates
Legal
08/06/2016Ones to Watch in IP, 2016 – M&M Advocates

M & M Advocates and Consultants is a full service Law Firm.

Read Full PostRead - Eye Icon
Reputation for Dedication
Legal
05/02/2021Reputation for Dedication

When Mr. Guy Matthews established his law firm in 1972, he did so with the vision of serving two distinct but related purposes: to protect intellectual property rights and enforce those rights through litigation. Matthews, Lawson, McCutcheon & Joseph, PLLC

Read Full PostRead - Eye Icon
Businesses failing to reap the rewards of total talent acquisition due to siloed hiring activity
M&A
14/10/2019Businesses failing to reap the rewards of total talent acquisition due to siloed hiring activity

A new study commissioned by global talent acquisition and management firm, Alexander Mann Solutions, has revealed that businesses aren’t fully reaping the rewards of total talent acquisition (TTA) and the fluid workforce due to siloed hiring activity.

Read Full PostRead - Eye Icon
Premium Trading Software Solutions For You
Innovation
22/07/2022Premium Trading Software Solutions For You

To adapt and thrive to ever-changing market conditions, organisations need modern software solutions and data architectures.



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have a number of unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow