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BCA could be sold before 2010
Date: 11 November 2009
Auction giant BCA looks set to be sold before the end of the year for approximately £450 million, according to a report in the Financial Times.
BCA is owned by private equity firm Montagu, which bought the business in 2006 for £400m.
The FT reports that four other private equity firms are in the final round of bidding for BCA; Clayton Dubilier & Rice, Bridgepoint, Cinven and BC Partners.
Clayton Dubilier & Rice already owns daily rental firm Hertz which, according to the FT, puts it as frontrunner to win the bidding for BCA.
BCA declined to comment.
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