Cazoo’s Acquisition Of Cluno

Freshfields Bruckhaus Deringer has advised Cazoo on the deal, while Schnittker Möllmann Partners advised the shareholders of Cluno.

Cazoo, the leading UK online car retailer, acquired Cluno, Germany’s leading consumer car subscription platform.
 
Cazoo was founded in 2018 by Alex Chesterman OBE in the UK and is backed by leading global technology investors. Following the acquisition, Cluno, which was founded in Munich in 2017, is expected to become Cazoo’s European headquarters and the base for its international growth strategy in Germany and Europe. Cazoo will then also offer car subscriptions in Europe and the UK. Sellers are the founders of Cluno, Christina Polleti, Nico Poletti and Andreas Schuirer, as well as further investors, among them Valar Ventures, Acton Capital Partners and Atlantic Labs.
 
Freshfields regularly advises Cazoo on transactions and works closely with Cazoo‘s Group General Counsel, Ned Staple. The team included Lars Meyer (Picture), Elizabeth Oberholzer, Mirjam Meyer (all Corporate / M&A) and Philipp Knoll (People & Reward) as well as Mario Hüther and Matthis Grenzer (both Finance); Stefan Bajohr (Corporate / IP), Philipp Lehmann (Corporate / Data); Alexander Glos and Alicia Hildner (both Finance / Regulation); Alexander Schwahn and Tobias Franz (both Tax), Frank Röhling and Uwe Salaschek (both Antitrust), and Natasha Good, Kaustuv Banerjee and Kathleen Chua (Corporate / UK law, London).

The SMP team was led by Dr. Benjamin Ullrich and Dr. Adrian Haase and further included Dr. Malte Bergmann, Ann-Kristin Lochmann, Matthias Kresser, Daniela Machado and Christiane Schnitzler.

Involved fees earner: Stefan Bajohr – Freshfields Bruckhaus Deringer LLP; Kaustuv Banerjee – Freshfields Bruckhaus Deringer LLP; Kathleen Chua – Freshfields Bruckhaus Deringer LLP; Tobias Franz – Freshfields Bruckhaus Deringer LLP; Alexander Glos – Freshfields Bruckhaus Deringer LLP; Natasha Good – Freshfields Bruckhaus Deringer LLP; Matthis Grenzer – Freshfields Bruckhaus Deringer LLP; Alicia Hildner – Freshfields Bruckhaus Deringer LLP; Mario Hüther – Freshfields Bruckhaus Deringer LLP; Philipp Knoll – Freshfields Bruckhaus Deringer LLP; Philipp Lehmann – Freshfields Bruckhaus Deringer LLP; Lars Meyer – Freshfields Bruckhaus Deringer LLP; Elizabeth Oberholzer – Freshfields Bruckhaus Deringer LLP; Frank Röhling – Freshfields Bruckhaus Deringer LLP; Uwe Salaschek – Freshfields Bruckhaus Deringer LLP; Alexander Schwahn – Freshfields Bruckhaus Deringer LLP; Malte Bergmann – Schnittker Möllmann Partners; Adrian Haase – Schnittker Möllmann Partners; Matthias Kresser – Schnittker Möllmann Partners; Ann-Kristin Lochmann – Schnittker Möllmann Partners; Daniela Machado – Schnittker Möllmann Partners; Christiane Schnitzler – Schnittker Möllmann Partners; Benjamin Ullrich – Schnittker Möllmann Partners;

Law Firms: Freshfields Bruckhaus Deringer LLP; Schnittker Möllmann Partners;

Clients: Cazoo; Cluno GmbH;

Federica Tiefenthaler

Author: Federica Tiefenthaler