Completion of Cazoo business combination with AJAX I
The Group takes a long-term approach to investment and has market-leading positions in consumer media, insurance risk, property information and events & exhibitions.
- The Group takes a long-term approach to investment and has market-leading positions in consumer media, insurance risk, property information and events & exhibitions.
- Cazoo was founded in 2018 by serial entrepreneur Alex Chesterman OBE and is backed by some of the leading global technology investors.
- 1 Lord Rothermere, Chairman of DMGT, was an existing Non-Executive Director of Cazoo prior to the business combination and will continue to serve as a Non-Executive Director of Cazoo Group.
- 2 DMGT invested c.US$25m through participation in the private investment in public equity ('PIPE') and received c.US$30m cash proceeds from the business combination on closing.