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Announced

Completed

Cazoo completed the acquisition of Smart Fleet Solutions.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Friendly

Majority

technical services

Private

Completed

appraisal management company

Domestic

Single Bidder

Auto Services

United Kingdom

Synopsis

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Cazoo, an online car retailer, completed the acquisition of Smart Fleet Solutions, an independent vehicle reconditioning and storage specialist. Financial terms were not disclosed. “We are excited to have acquired SFS given its infrastructure and vehicle processing capacity as well as its dedicated team of over 500 vehicle preparation experts. It will remain a standalone business run by Theo and his team and we look forward to working with them and to investing in continuing to serve its customers and growing the SFS business further," Alex Chesterman OBE, Cazoo Founder & CEO.

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