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11/2019

CONSTELLATION AUTOMOTIVE acquired by TDR CAPITAL

UNITED KINGDOM Automotive / Retail & Services / Dealerships EV 1b - 4b GBP

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).

-> Deep-dive in Industry & Manufacturing market trends

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)

Year
Rev
EBITDA
EBIT
2019
2018

Other operations with CONSTELLATION AUTOMOTIVE

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
12/2021CONSTELLATION AUTOMOTIVECARNEXTUNITED KINGDOME-commerce & Marketplaces
03/2015HAVERSHAM HOLDINGSCONSTELLATION AUTOMOTIVEUNITED KINGDOMDealerships

REFERENCES

Valuation range: EV 1b - 4b GBP

Revenue range: 2.5b - 5b GBP

EBITDA range: 100M - 200M GBP

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of CONSTELLATION AUTOMOTIVE by TDR CAPITAL are reserved for mynth community members. Register for free to unlock full data.

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