Deal Diary

Welcome to Acquisition International’s Deal Diary, the place where we showcase exciting deals from across the globe. With each diary entry, we’ll be taking a comprehensive look at the inner workings of the deal in question and will be venturing behind the scenes to take a look at the dedicated professionals involved in ensuring its success.

Here you will discover the most active deal makers and a comprehensive catalogue of the transactions they have been involved with.

Tier 1: The Website - Go live worldwide within 24 hours!

Within 24 hours of booking, we'll upload your deal and company profile - including contact details and links to your homepage - right here on our site, putting you and your firm in front of
40,000 visitors every month!

You will, of course, get a full company bio, including your contact details and fully clickable links direct to your website, and to make sure the people who matter will be able to find every deal you and your firm have been involved in at the click of a button, all of the deals posted on the Deal Diary site are incredibly easy to search by firm name, individual name, sector or region. We even have an automatically updated deal leaderboard (right). 

Tier 2: The Newsletter - Direct to 108,000 subscribers!

Your involvement in the deal will be featured on our weekly Deal Round-Up newsletter,  published via email every Thursday to a global audience of  108,000. Your deal write-up will also include hyperlinked images and logos, taking readers straight to your homepage. That’s a potential 108,000 clicks every month!

Tier 3: The Publication - Sent to 108,000 people in 170 countries!

The deal and your involvement will appear in the Deal Diary section of our monthly magazine, distributed to 108,000 people in 170 countries around the world. This is where you can tell us all about the deal and how you made it happen, providing the perfect opportunity to shout about your firm’s experience, expertise and the great work you’ve been doing.

GO

Tangiers Group Acquires Osprey
April 8, 2015
Equistone Partners acquire Averys
April 8, 2015
Sterling Bancorp Acquires Damian Services Corporation
April 8, 2015
Epic Health Services Completes Acquisition of Loving Care Agency
April 8, 2015
Cressey & Company Invests in Dental Services Group
April 8, 2015
Scapa's Acquisition of First Water
April 8, 2015
Kofax Acquires Aia for USD19.5m
April 8, 2015
Proofpoint to acquire VC-backed Emerging Threats for about $40 Million
April 8, 2015
BTS Group Acquire AVO Vision
April 1, 2015
Nordic Capital Acquires RESMAN
April 1, 2015
Carlyle International Energy Partners acquires Romanian business of Sterling Resources' assets
April 1, 2015
Better Capital's Acquisition of CAV Aerospace
April 1, 2015
Bruno Maisonnier sells stake in Aldebaran Robotics
April 1, 2015
Cambian Group Acquire By the Bridge Group for £36 million
April 1, 2015
Tristan Capital Partners acquires logistics park in Germany for €31 million
April 1, 2015
Blackstone Acquire Office Building in London for $400m
April 1, 2015
Haversham Holdings acquire BCA Marketplace 1.8bn USD
April 1, 2015
Oddfellows Society Takes on £45m of Druids Sheffield Business
March 26, 2015

British Car Auctions bought by Haversham Holdings

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BCA
View Biography
Havesham Holdings

Acquirer

Target

Haversham Holdings said last Thursday that it had agreed to buy the British used car auctioneer and reseller BCA Marketplace in a cash and stock deal for 1.2 billion pounds, or nearly $1.8 billion.

The transaction represents the first major deal by Haversham, an investment vehicle formed by Avril Palmer-Baunack, the former chairwoman of the British logistics and support services company Stobart Group, and Marwyn, an investment management company.

Under the terms of the deal, Haversham will pay £711.2 million in cash and issue £104.3 million in shares to BCA’s owners, who include the private equity firm Clayton, Dubilier & Rice. Haversham also will pay £453.2 million in cash to BCA’s lenders.

“The acquisition of BCA represents an important strategic step for Haversham into the automotive sector,” Ms. Palmer-Baunack said in a news release. “BCA is a market-leading business with a unique position in the used vehicle marketplace. Haversham’s management team sees exciting growth opportunities in the changing European used vehicle market and plans to refresh BCA’s strategy to enhance its strong growth record.”

The transaction will be a reverse takeover, which would allow BCA to list its shares publicly. The combined company will be named BCA Marketplace.

Haversham has been publicly listed in London since November, and its shares were suspended this month after it said it was in “very advanced discussions” regarding a potential takeover.

The deal is expected to close in April. Haversham plans to finance the transaction in part by raising £1.03 billion through the issuance of 685.7 million new shares.

BCA, known as British Car Auctions in Britain, sought to go public last year. It called off those plans as economic uncertainty weighed on stock markets in the fall and several initial public offerings performed poorly.

The company is one of the largest resellers of used cars through auctions in Europe.

BCA operates more than 200 locations in 13 European countries, and it sold more than 900,000 vehicles in 2013. It also operates the brand We Buy Any Car, which purchases automobiles for resale.

“We are confident that the talented group of managers at the company, under the leadership of Avril Palmer-Baunack and the Haversham team, will continue to drive strong performance in the future,” David A. Novak, a Clayton, Dubilier & Rice partner, said in a news release.

Kulicke & Soffa Acquisition of Assembléon
March 26, 2015
Banexi Ventures Partners Announce Investment in Netwave for EUR1.2m
March 26, 2015
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