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Freshfields advises Cazoo on its latest funding round and acquisition of Imperial Car Supermarkets
Freshfields advises Cazoo on its latest funding round and acquisition of Imperial Car Supermarkets
Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised Cazoo on its recent £25m funding round and its subsequent acquisition of Imperial Car Supermarkets, one of the UK’s largest independent used car retailers with operations across the UK.
Cazoo is the UK’s leading online used car retailer and is the latest venture of Alex Chesterman OBE, the founder of Zoopla and LoveFilm. It was established with the aim of creating the best possible digital car buying experience for consumers across the UK. The $1bn+ valuation it achieved with this latest fundraising made Cazoo the fastest ever British business to attain “unicorn” status, having been founded only 18 months ago.
The acquisition of Imperial Car Supermarkets will help accelerate Cazoo’s growth by combining Cazoo’s market leading digital capabilities and platform with Imperial’s extensive physical infrastructure and expertise, including a national network of storage, distribution, after sales and collection hubs.
The Freshfields team was led by tech-focussed partners Natasha Good, Mark Austin, Giles Pratt and senior associate Ziyad Nassif.
ENDS
Notes for Editors:
About Freshfields Bruckhaus Deringer LLP
Freshfields Bruckhaus Deringer LLP is a global law firm with a long track record of successfully advising the world's leading national and multinational corporations and financial institutions on groundbreaking and business-critical challenges. Our team of more than 2,800 lawyers and other legal professionals delivers global results from our 27 offices worldwide. Our commitment, local and multinational expertise and business know-how means our clients can rely on us when it matters most.
