Rutland's Aston Barclay bolts on TCBG

The transaction comes 16 months after the GP acquired Aston Barclay with capital drawn from Rutland Fund III, which held a final close on £263m in January 2015.

Following the deal, TCBG will relocate its operations to Aston Barclay's newly developed facilities in Wakefield.

Company
Founded in 2014 and headquartered in Dudley, West Midlands, TCBG is an online platform that offers consumers a fixed price for their cars. The platform asks users to enter their vehicle's details, provides a valuation and offers to collect the vehicle on acceptance of that valuation. The company then resells these vehicles or supplies them to dealers and auction houses.

TCBG has a headcount of 30.

People
Aston Barclay – Neil Hodson (CEO).
The Car Buying Group – Tom Marley (CEO).

Advisers
Company (Aston Barclay) – Dentons (legal); FRP Advisory (corporate finance).
Company (The Car Buying Group) – Freeths (legal); Dow Schofield Watts (corporate finance).

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• Topics
• Portfolio management
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• Rutland Partners
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• Dentons
• Dow Schofield Watts