TDR aims to take WeBuyAnyCar private

By Owen Sanderson
26 Jun 2019

The board of BCA Marketplace, a UK second hand car trading website, announced on Wednesday that it would recommend a £1.9bn offer from TDR Capital to take the company private. BCA owns the WeBuyAnyCar.com website.

If the bid is successful, it will come with a £1.2bn leveraged debt package, and could signal more public-to-private buyouts to come.

Bank of America Merrill Lynch and HSBC are advising TDR Capital, while Jefferies and Goldman are advising BCA Marketplace. The deal constitutes something of ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial