IFLR1000

Haversham Holdings £1.2 billion acquisition of British Car Auctions (BCA)

26/3/2015
Public acquisition
Select tab

£ 1.2 billion

$ 1.493 billion

Completed

26/3/2015

Overview:

  • Haversham Holdings has acquired British Car Auction Group (BCA) for £1.2 billion from Clayton Dubilier & Rice.
  • Haversham will pay £711.2 million in cash and issue £104.3 million in shares to BCA’s owners. Haversham will also pay-off £453.2 million of BCA’s debt.
  • BCA (British Car Auctions) is a used car retailer operating in 13 European countries, and owns the brand We Buy Any Car. The deal sees the company renamed BCA Marketplace.

Sam Duke - Editor

Jurisdictions:

Luxembourg
United Kingdom

Deal type:

Public acquisition

Practice areas:

Private equity
M&A

Industry sectors:

Consumer goods and services
Automotive

Firms:
Bryan Cave Leighton Paisner

Party: Haversham Holdings (Acquirer)

Lawyers: Benjamin Lee, Derek Hrydziuszko

Clifford Chance

Party: Clayton Dubilier & Rice (Seller)

Lawyers: Christian Kremer, Simon Tinkler (retired)

Debevoise & Plimpton

Party: Haversham Holdings (Acquirer)

Lawyer: Alan Davies

Travers Smith

Party: British Car Auction Group - BCA (Management, Target)

Lawyer: Chris Hale

Related deals