Deals

Woodford-Backed Used-Car Seller BCA Accepts $2.4 Billion Bid

BCA Marketplace Plc Car Auction Site As Apax Partners LLP Weighs $2.1 Billion Bid — Photographer: Jason Alden/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Eric Pfanner

June 26, 2019 at 6:23 AM UTC

Updated on

June 26, 2019 at 10:38 AM UTC

This article is for subscribers only.

TDR Capital LLP agreed to buy BCA Marketplace Plc, a U.K. online used-car seller backed by troubled Woodford Investment Management Ltd., for 1.9 billion pounds ($2.4 billion).

The per-share price of 243 pence is about 3% more than the stock’s close in London on Tuesday. The shares have jumped more than 20% since BCA confirmed talks on a sale last week.