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Completed

BRITISH CAR AUCTIONS / HAVERSHAM HOLDINGS PLC / CLAYTON DUBILIER & RICE LLC / Acquisition / Private / £1270m

Financials

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Transaction Value£1,270m
Consideration TypeCash, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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cars

auction

vehicle

Specialty Retailers

United Kingdom

Private

Acquisition

Completed

Friendly

Single Bidder

Private Equity

Synopsis

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Haversham Holdings plc, UK investment management company acquired British Car Auctions, local car auctioneers, from Clayton Dubilier & Rice LLC, US private equity investment firm.The consideration is Stg1.27bn ($1.89bn) consisting of Stg711.2m in cash, Stg104.3 in shares and Stg453.2 paid to lenders in cash.

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