© 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
Shaping the Future of Entrepreneurs
Finance
04/01/2017Shaping the Future of Entrepreneurs

Allied Wallet is on a noble mission to shape the future of eCommerce, by giving young entrepreneurs the opportunity to accept payments, generate profits and to stay in business. As the ‘Saviour of the Entrepreneurs’, the firm’s tech billionaire Dr. Andy

Read Full PostRead - Eye Icon
LCCG completes the acquisition of the offshore bond portfolio from Athora Holding Limited
Finance
10/01/2019LCCG completes the acquisition of the offshore bond portfolio from Athora Holding Limited

Life Company Consolidation Group (LCCG) is pleased to announce that on 31 December 2018 its subsidiary, Utmost Ireland DAC, completed the purchase of the entirety of the offshore bond portfolio of Athora Ireland from Athora Holding Limited. The offshore bond p

Read Full PostRead - Eye Icon
The Art of Service
Innovation
11/04/2016The Art of Service

Versatility, flexibility and a broad range of products and services ensure cost effective purchase and quality services in a challenging business environment.

Read Full PostRead - Eye Icon
Ardian Acquisition of Exclusive Sythesis & Maleic Anhydride Intermediates
Finance
31/07/2015Ardian Acquisition of Exclusive Sythesis & Maleic Anhydride Intermediates

Ardian Acquisition of Exclusive Sythesis & Maleic Anhydride Intermediates

Read Full PostRead - Eye Icon
Plant-Powered Biotech Beauty
Innovation
21/02/2022Plant-Powered Biotech Beauty

Codex Beauty Labs is a biotech company grounded in science, dedicated to supporting microbiome. Its pioneering cruelty-free products are clinically-proven to provide meaningful benefits.

Read Full PostRead - Eye Icon
Intelligent Storage at the Edge
Innovation
09/10/2023Intelligent Storage at the Edge

Since the emergence of Cloud Computing, there has been an undeniable rise in the risk of data loss. Whether this is a result of a loss of control over how data is managed, or due to potential security breaches that could have detrimental effects on customer da

Read Full PostRead - Eye Icon
How to Improve Social Media Presence with Instantly Delivered Instagram Likes and Followers
Innovation
31/08/2022How to Improve Social Media Presence with Instantly Delivered Instagram Likes and Followers

A prominent social media presence is a key to a successful business. Young entrepreneurs understand the need for social media promotion and keep looking for new social media platforms and ways how they can make their presence appealing to the target market. So

Read Full PostRead - Eye Icon
Lawyers in Libya
Legal
16/02/2018Lawyers in Libya

Mr. Rajab Bakhnug is Senior Partner and Managing Director of Bakhnug Law Firm. The firm specialises in business, construction, investment, contracting, litigation and arbitration.

Read Full PostRead - Eye Icon
The Role of Ventilation Systems in Adapting Business Facilities for Hybrid Work Models
News
21/10/2024The Role of Ventilation Systems in Adapting Business Facilities for Hybrid Work Models

As more businesses begin to embrace the hybrid work model, the importance of adapting physical office spaces to ensure health, safety, and productivity continues to rise. Among other factors, efficient ventilation systems play a crucial role in this adaptation



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