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British Car Auctions
http://www.bca-europe.com
Deal Type: MBODate: September 2006
Status: Realised
Purchase Price: c. £450
Funds Raised: Undisclosed
Industry Sector: Support Services
Interested in contacting us about this deal?
Wiet StokhuyzenDirector
T: +44 20 7336 9930
E: wiet.stokhuyzen@ montagu.com
Detailed Information
In October 2006, Montagu Private Equity led and arranged the
management buyout of British Car Auctions (‘BCA’) from a collection
of private shareholders.
BCA is Europe’s leading provider of used vehicle remarketing services. Its multi-channel remarketing capabilities, combined with vehicle related ancillary services assist fleet operators, dealers, manufacturers, finance & leasing companies and rental companies realise the optimum residual values on their used vehicles. BCA has a network of 43 remarketing centres in 12 countries across Europe and offers a full range of services to buy and sell used vehicles.
BCA’s highly regarded management team has delivered consistent and profitable growth for over a decade. Montagu was attracted by this excellent track record and the opportunity to invest in further growth, particularly in Europe where BCA has developed a strong position.
Under Montagu’s ownership, BCA grew its sales and profit by more than 30%. This was as a result of the management team’s execution of their business plan, supported by a significant investment programme into new sites, technology development and two strategic acquisitions.
The business was divided into an operating company, which was sold to CD&R in 2010, and property arm, which is being retained by Montagu.
BCA is Europe’s leading provider of used vehicle remarketing services. Its multi-channel remarketing capabilities, combined with vehicle related ancillary services assist fleet operators, dealers, manufacturers, finance & leasing companies and rental companies realise the optimum residual values on their used vehicles. BCA has a network of 43 remarketing centres in 12 countries across Europe and offers a full range of services to buy and sell used vehicles.
BCA’s highly regarded management team has delivered consistent and profitable growth for over a decade. Montagu was attracted by this excellent track record and the opportunity to invest in further growth, particularly in Europe where BCA has developed a strong position.
Under Montagu’s ownership, BCA grew its sales and profit by more than 30%. This was as a result of the management team’s execution of their business plan, supported by a significant investment programme into new sites, technology development and two strategic acquisitions.
The business was divided into an operating company, which was sold to CD&R in 2010, and property arm, which is being retained by Montagu.