TDR Capital LLP’s £1.9 Billion Recommended Cash Offer For BCA Marketplace plc

Ashurst advised Merrill Lynch International in relation to the £1.9 billion recommended cash offer for BCA Marketplace plc by BBD Bidco Limited, a special purpose vehicle formed by investment funds managed by TDR Capital LLP for the specific purpose of making the offer.

BCA is a prominent provider in European automotive aftermarket services, namely the purchase and remarketing of vehicles and the offering of related value-add services.

TDR Capital is a leading private equity firm with over €8 billion of committed capital. The Company invests in medium-sized, European businesses and partners with them to develop and grow their operations.

BofA Merrill Lynch and HSBC Bank plc acted as joint financial advisers to BBD Bidco Limited in relation to the offer.

The Ashurst team was led by partners Tom Mercer (Picture), Tim Rennie and Karen Davies, assisted by senior associate Harry Thimont, and associates Byron Nicol, Jake Hadfield, Aimee Carroll-Hewitt and Demi Pham.

Involved fees earner: Aimee Carroll-Hewitt – Ashurst; Karen Davies – Ashurst; Jake Hadfield – Ashurst; Tom Mercer – Ashurst; Byron Nicol – Ashurst; Demi Pham – Ashurst; Tim Rennie – Ashurst; Harry Thimont – Ashurst;

Law Firms: Ashurst;

Clients: Merrill Lynch International;