Cazoo – www.cazoo.co.uk

Cazoo Raises $630 Million From Investor Group Led by Viking Global Investors to Support Continued Growth and Expansion in the UK and EU

Retrieved on:

Thursday, February 10, 2022

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Following the significant progress made since its launch two years ago, the additional capital will support Cazoos continued growth in the UK and expansion in Europe.

Key Points:

Following the significant progress made since its launch two years ago, the additional capital will support Cazoos continued growth in the UK and expansion in Europe.
Over the past 12 months, Cazoo has continued its strong growth trajectory and made significant progress against its key strategic objectives.
During 2021, Cazoo expanded from operating solely in the UK to now having operations across the largest five European markets.
In FY 2021 Cazoo sold ~49,500 total units (~230% year-on-year growth) including ~34,700 retail units (~180% year-on-year growth).

Cazoo to Acquire Leading Italian Online Car Retailer, brumbrum

Retrieved on:

Wednesday, January 26, 2022

Cazoo (NYSE: CZOO), Europes leading online car retailer, which makes buying and selling a car as simple and seamless as ordering any other product online, today announced that it has agreed to acquire brumbrum, Italys leading digital car retailer and subscription platform.

Key Points:

Cazoo (NYSE: CZOO), Europes leading online car retailer, which makes buying and selling a car as simple and seamless as ordering any other product online, today announced that it has agreed to acquire brumbrum, Italys leading digital car retailer and subscription platform.
Cazoo will acquire brumbrum for 80 million in a mix of cash & Cazoo shares and the transaction is expected to complete in the coming days.
Alex Chesterman OBE, Founder & CEO of Cazoo said: brumbrum is the leading online car retailer and car subscription player in Italy and has built a great team, culture and business and much like Cazoo in the UK, it has been pioneering the shift to online car buying in Italy.
I look forward to welcoming the brumbrum team to Cazoo and working with them to deliver the best car buying experience to Italian consumers.

Cazoo Acquires Swipcar as It Drives Ahead With European Expansion

Retrieved on:

Tuesday, November 16, 2021

As well as operating in Spain, Swipcar has also recently launched in Italy and Portugal.

Key Points:

As well as operating in Spain, Swipcar has also recently launched in Italy and Portugal.
Cazoo acquired Swipcar for 30 million for a mix of cash & Cazoo shares and the transaction is expected to have a negligible impact on Cazoos FY2021 operating results.
Alex Chesterman OBE, Founder & CEO of Cazoo said: Swipcar has built a market-leading car subscription marketplace in Spain adding hundreds of new customers every month.
Julio Ribes CEO of Swipcar, I am very proud of the platform and team we have built at Swipcar.

Cazoo to Expand Its Offering Into Commercial Vehicles

Retrieved on:

Monday, October 18, 2021

The deal will combine Cazoos world-class platform and brand with Vans365s expertise and relationships in the commercial vehicle market and will enhance Cazoos customer offering and team and accelerate its planned launch into buying and selling commercial vehicles online later this year.

Key Points:

The deal will combine Cazoos world-class platform and brand with Vans365s expertise and relationships in the commercial vehicle market and will enhance Cazoos customer offering and team and accelerate its planned launch into buying and selling commercial vehicles online later this year.
Its launch into commercial vehicles later this year will further expand the proposition and selection available on its website.
Cazoo will acquire Vans365, which will have 2021 revenues of c.14m with an EBITDA margin of c.9%, for 6.5m in cash.
The acquisition of Vans365 will accelerate our planned launch of buying and selling commercial vehicles online later this year and will enhance both our customer proposition and team and I look forward to welcoming the Vans365 team to Cazoo.

Cazoo Acquires SMH Fleet Solutions … doubling its reconditioning, logistics & storage capabilities

Retrieved on:

Wednesday, September 15, 2021

View the full release here: https://www.businesswire.com/news/home/20210915005095/en/

Key Points:

View the full release here: https://www.businesswire.com/news/home/20210915005095/en/
Bedford: one of six sites Cazoo now owns as part of its acquisition of SMH Fleet Solutions - one of the UKs leading vehicle preparation, logistics and storage businesses.
SMH also carries out over 150,000 vehicle movements per year with a team of over 300 logistics specialists as well as operating an online wholesale platform for used cars.
This deal will provide Cazoo with one of the most extensive portfolios of vehicle preparation sites and production capabilities in the UK to meet its rapid growth plans.
Tim Hudson, CEO at SMH Fleet Solutions said, Were delighted to be joining forces with Alex and the team at Cazoo and see this as a perfect fit for SMH.

Cazoo Acquires Leading Automotive Data Insights Platform, Cazana

Retrieved on:

Thursday, September 2, 2021

Cazoo (NYSE: CZOO), the UKs leading online car retailer, which makes buying or selling a car as seamless as ordering any other product online, today announced that it has acquired Cazana, owner of one of the most comprehensive vehicle pricing datasets globally and one of the leading data insights platforms in the European automotive industry.

Key Points:

Cazoo (NYSE: CZOO), the UKs leading online car retailer, which makes buying or selling a car as seamless as ordering any other product online, today announced that it has acquired Cazana, owner of one of the most comprehensive vehicle pricing datasets globally and one of the leading data insights platforms in the European automotive industry.
Founded in 2012, Cazana has grown to a team of more than 50 staff including world-class data scientists and engineers headquartered in London.
Alex Chesterman OBE, Founder & CEO of Cazoo said: Cazana has built one of the leading data insights platforms, providing tools which are used by manufacturers, lenders, fleet owners and insurers in the automotive space.
Chris and I are excited to be continuing our journey leading Car & Classic whilst supporting the integration of the Cazana business with Cazoo over the coming months.