11th Jun 2018 08:35
LONDON (Alliance News) - Apax Partners LLP said Sunday it is in early stages of considering an offer for used vehicle marketplace BCA Marketplace PLC.
The private equity firm said the offer would be made by a new entity controlled by funds advised by Apax. It said it has no firm intention to make an offer, and there is no certainty an offer will be made.
In a separate statement on Monday, BCA Marketplace noted the possible offer.
BCA said it had rejected a preliminary all-cash offer from Apax in May valuing each share in the company 200 pence in May and has not received offers since.
BCA shares were trading at 13% higher early Monday morning at 239.00p, giving it a market capitalisation of GBP1.68 billion.
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