UPDATE 1-BCA Marketplace in advanced talks for buyout by TDR Capital for $2.43 bln

(Adds details on proposal, background)

June 20 (Reuters) - UK used car auctioneer BCA Marketplace Plc said on Thursday that it is in advanced talks to be bought by British private equity firm TDR Capital for 1.91 billion pounds ($2.43 billion), nearly a year after Apax dropped its takeover attempt.

TDR is proposing an offer of 243 pence per share, representing a premium of 25% to BCA's closing price on Wednesday.

Shares of BCA were up 21.3% at 236 pence at 1006 GMT, pushing them to the top of London's midcap index.

If TDR announces a firm intention to make an offer for the company, BCA's board intends to recommend unanimously that shareholders accept the offer, BCA said in a statement.

Woodford Investment Management, which has come under fire for suspending a flagship fund earlier this month, owns 7.15% of BCA and is the third largest shareholder in the company.

In 2018, private equity firm Apax Partners dropped its bid for BCA Marketplace after the WeBuyAnyCar owner rejected two acquisition proposals, saying that the offers undervalued the company and its prospects.

BCA, in June last year, had rejected a preliminary 1.6 billion pound ($2.12 billion) cash takeover offer from Apax.

($1 = 0.7867 pounds) (Reporting by Sangameswaran S in Bengaluru; Editing by Bernard Orr)