July 16, 2024
Willkie advised Motors.co.uk Limited (MOTORS) on its acquisition of the Cazoo brand from Cazoo Ltd, which fell into administration in May 2024. MOTORS is backed by private equity firms Novum Capital and O3 Industries.
Following the acquisition, announced on June 28, MOTORS will launch an all-new Cazoo app and website with over 250,000 used car listings. The MOTORS website will continue to operate with the business still offering car dealers access to a large audience across its network of sites which includes partners eBay and Gumtree.
David Soden and Matthew Mawhinney of Teneo Financial Advisory were appointed as joint administrators of Cazoo.
The Willkie team was led by partner Andrew Gray and included partners Graham Lane and Briony Pollard, associates Oliver Smith and Nicholas Potgieter, and trainee solicitor Eyo Ntekim.
Following the acquisition, announced on June 28, MOTORS will launch an all-new Cazoo app and website with over 250,000 used car listings. The MOTORS website will continue to operate with the business still offering car dealers access to a large audience across its network of sites which includes partners eBay and Gumtree.
David Soden and Matthew Mawhinney of Teneo Financial Advisory were appointed as joint administrators of Cazoo.
The Willkie team was led by partner Andrew Gray and included partners Graham Lane and Briony Pollard, associates Oliver Smith and Nicholas Potgieter, and trainee solicitor Eyo Ntekim.
