CONSTELLATION AUTOMOTIVE acquired by TDR CAPITAL
Context
The acquisition of BCA Marketplace by TDR Capital is a strategic move to expand the firm's presence in the European used car market. The deal is driven by the growing demand for online used car sales, and the need for a more efficient and digitalized marketplace. TDR Capital's investment in BCA Marketplace is expected to drive growth through increased digitalization, improved operational efficiency, and expanded customer reach. The acquisition is also expected to create new opportunities for bolt-on acquisitions and strategic partnerships, further enhancing the company's position in the market. The deal is subject to approval by regulatory authorities, and is expected to be completed in the fourth quarter of 2019. The acquisition is a key milestone in TDR Capital's strategy to build a leading European used car marketplace, and is expected to drive significant value creation for the firm's investors.
It is worth noting that the fund Haversham Holdings took control of Constellation Automotive through an LBO in 2015.
CONSTELLATION AUTOMOTIVE, which reported an EBITDA margin of in 2019, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Industry & Manufacturing sector (11.6x).
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Target
Constellation Automative (ex BCA Marketplace) is a leading car auctioneer in the United Kingdom, operating a digital used car marketplace that connects buyers and sellers across Europe. The company's business model is centered around providing a platform for the sale of used vehicles, with a focus on digital auctions and online remarketing. Constellation Automative generates revenue through a combination of auction fees, advertising, and data analytics services. The company's distribution channels include its online platform, as well as a network of physical auction sites. With a strong presence in the UK and a growing footprint in other European markets, Constellation Automative is well-positioned to capitalize on the increasing demand for online used car sales. The company's key assets include its digital platform, its network of auction sites, and its access to a large inventory of used vehicles.
Ent. Value
Equity Value
Multiples
EV / Revenue
EV / EBITDA
EV / EBIT
Historical Financials (GBP)
Other operations with CONSTELLATION AUTOMOTIVE
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 12/2021 | CONSTELLATION AUTOMOTIVE | CARNEXT | UNITED KINGDOM | E-commerce & Marketplaces |
| 03/2015 | HAVERSHAM HOLDINGS | CONSTELLATION AUTOMOTIVE | UNITED KINGDOM | Dealerships |
REFERENCES
Valuation range: EV 1b - 4b GBP
Revenue range: 2.5b - 5b GBP
EBITDA range: 100M - 200M GBP
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Press release: view release
Target: constellation automotive
Acquirer: tdr capital