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Freshfields advises Cazoo on its acquisition of Smart Fleet Solutions
Freshfields Bruckhaus Deringer ('Freshfields') has advised Cazoo, the UK’s leading online car retailer, on its acquisition of Smart Fleet Solutions (SFS), one of the UK’s leading independent vehicle reconditioning and storage specialists.
SFS has a team of over 500 staff operating from four state-of-the-art vehicle refurbishment facilities across 110 acres in Nottinghamshire, Staffordshire, Wiltshire and Scotland, processing over 100,000 vehicles annually with storage for more than 20,000 vehicles.
The combination of Cazoo’s world-class consumer platform and brand with SFS’s market-leading infrastructure and expertise will provide both businesses the ability to further scale their national reconditioning and storage capabilities in line with their significant growth plans.
This deal follows the recent acquisition by Cazoo of Drover, the UK’s leading car subscription platform which will enable Cazoo to offer its customers the option of purchasing, financing or subscribing to the cars on its website.
The Freshfields team worked closely with Cazoo General Counsel Ned Staple on this transaction.
ENDS
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