British Car Auctions

Europe’s leading provider of used vehicle remarketing services

In October 2006, Montagu 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 had 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 had developed a strong position.

Under Montagu's ownership, BCA grew its sales and profits by more than 30%. This was 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, the majority of which was sold to M&G Investments in 2013.

Deal details

Deal type: Management Buyout Investment Year: 2006 Country: United Kingdom Status: Realised Value: £450 million Industry Sector: Business Services