Addleshaw Goddard's Manchester corporate team has advised Zeus Capital on its role as Nomad and joint broker to Haversham Holdings on its purchase of British Car Auctions for £1.17bn.

Haversham Holdings will buy British Car Auctions, which owns WeBuyAnyCar, from US private equity firm Clayton Dubilier & Rice.

The deal involved a £1.03bn equity fundraise which gives the business a market capitalisation on IPO of approximately £1.17bn.

Roger Hart, a partner at the Manchester office of law firm Addleshaw Goddard, advised Zeus on the deal.