Home Breaking WeBuyAnyCar accepts TDR Capital’s £1.95bn takeover bid

WeBuyAnyCar accepts TDR Capital’s £1.95bn takeover bid

by LLB Reporter
26th Jun 19 10:18 am

BCA Marketplace who own We Buy Any Car has recommended that shareholders accept private equity house TDR Capital £1.95bn offer.

BCA said, “The offer from TDR gives shareholders the opportunity to receive cash at a significant premium to the prevailing share price and will allow BCA to develop its business as a private, unlisted company.”

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.”

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