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New Deal


Announced

carwow to acquire Wizzle.

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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Pending

Majority

Online and Social Platforms

sale platform

Friendly

Domestic

Acquisition

Private

United Kingdom

Single Bidder

Synopsis

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carwow, a UK-based platform for buying new and used cars from franchised dealers, agreed to acquire Wizzle, a used car buying platform. Financial terms were not disclosed. “Our partners have told us that they want better direct access to high quality used car inventory and this acquisition will allow us to do just that quickly. Wizzle is already powering over 1,500 vehicle sales per month, which we’re aiming to grow exponentially by integrating the service into the main carwow platform. We’re super excited about the Wizzle team joining the carwow family and look forward to rolling the service out in the UK and then Germany and Spain," James Hind, carwow CEO.

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