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More private equity deals? Don’t hold your breath though...

Congratulations if you are a holder of the ‘new and used cars, vans, trucks and bikes, parts and servicing’ company Marshall Motor Holdings (MMH) which today announced its ‘intention to recommend shareholders accept offer by Constellation’. Well done if you bought the shares 18 months ago at a quarter of acquisition price. Personally I am still getting my head around the comments a couple of days ago that Auto Trader observed that ‘of 900,000 vehicles going through its portals, the average price of a used car had risen on a like-for-like basis by 28% over the past year to £17,366’.

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