Cazoo’s £25 Million Funding Round And Acquisition Of Imperial Car Supermarkets

Freshfields advised Cazoo on its latest funding round and acquisition of Imperial Car Supermarkets.

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.

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.

Imperial Car Supermarkets is one of the UK’s largest independent used car retailers with operations across the UK.

The Freshfields team was led by tech-focussed partners Natasha Good (Picture), Mark Austin, Giles Pratt and senior associate Ziyad Nassif.

Involved fees earner: Mark Austin – Freshfields Bruckhaus Deringer LLP; Natasha Good – Freshfields Bruckhaus Deringer LLP; Ziyad Nassif – Freshfields Bruckhaus Deringer LLP; Giles Pratt – Freshfields Bruckhaus Deringer LLP;

Law Firms: Freshfields Bruckhaus Deringer LLP;

Clients: Cazoo;