BCA Marketplace the owner of WeBuyAnyCar.com has confirmed a UK private equity giant has offered £1.9bn for a takeover bid.
After confirmation of advance talks with David Lloyd Leisure owner TDR Capital, shares in BCA surged to 22% at 237p on Thursday as discussions to buy BCA at 243p per share.
BCA said that if TDR Capital make a firm offer it will be unanimously recommended by the board their shareholders should accept the deal.
BCA added: “The new financial year has started well despite the continuing macro, UK-specific economic and political challenges.”
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