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Nov 9, 2023 · Cinch and We Buy Any Car owner TDR Capital has increased its stake in listed car dealer group Vertu Motors. The private equity house has upped its stake from 3.1% to 4.1%, snapping up a new tranche of shares yesterday. Vertu announced the stake in a ‘notification of major holdings’ to the stock market this morning.
- Cinch and WeBuyAnyCar owner TDR Capital takes 3.1% stake in ...
The private equity house behind Constellation Automotive...
- Cinch and WeBuyAnyCar owner TDR Capital takes 3.1% stake in ...
Feb 8, 2023 · The private equity house behind Constellation Automotive Group – owners of WeBuyAnyCar.com and Cinch – has taken a stake in listed car dealer Vertu Motors. TDR Capital has purchased a 3.1 per cent share of Vertu Motors in a deal announced this morning (Feb 8).
Nov 29, 2023 · Constellation Automotive Group and Vertu Motors both declined to comment on the news when contacted by Car Dealer. TDR, again through Cinch, held a 20% stake in Lookers and blocked the first attempt by Canadian car dealer Alpha Auto Group to acquire the business.
Feb 8, 2023 · Constellation Automotive owner TDR Capital has extended its presence in the car retail sector with the purchase of a 3.1% stake in Vertu Motors. The move by the private equity house behind BCA, cinch, Marshall Motor Group and WeBuyAnyCar operator Constellation – worth around £6.8 million – was confirmed in documents published via the ...
Feb 8, 2023 · Investor group TDR Capital, the owner of Constellation Automotive, has taken a 3.1% stake in Vertu Motors. The move will be watched with interest. While the stake is small and gives Constellation no sway over the running of Vertu, it could be the start of another round of activity in listed dealer stock.
Feb 8, 2023 · TDR Capital has expanded its already strong presence in U.K. automotive retail by acquiring a 3.1% stake in listed used car group Vertu Motors for £6.8 million ($8.1 million U.S.)
TDR Capital, the Private Equity group with over $15bn under management, has a strategy of partnering with strong, market-leading companies that have potential for robust growth and resilience through economic cycles, it has a near 10% stake in the Vertu equity.
