British Car Auctions sold to Hertz owner

Second-hand vehicle trader British Car Auctions (BCA) has been sold to the owner of the Hertz car rental chain, it was disclosed today.

British Car Auctions sold to Hertz owner
Mon, 28 Dec, 2009 - 13:32

Second-hand vehicle trader British Car Auctions (BCA) has been sold to the owner of the Hertz car rental chain, it was disclosed today.

US private equity firm Clayton, Dubilier & Rice has agreed to buy BCA from fellow buyout group Montagu Private Equity in a deal said to value the business at £390m (€433m).

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CourtsBusinessHeathrowPlace: UKPlace: Farnham, SurreyPlace: EnglandPerson: Jon OlsenPerson: Fred KindlePerson: David WassermanOrganisation: British Car AuctionsOrganisation: HertzOrganisation: BCAOrganisation: Second-handOrganisation: Clayton, Dubilier & RiceOrganisation: Montagu Private EquityOrganisation: CD&ROrganisation: Southern Counties Car Auctions
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