M&A Deal Summary |
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Date | 2021-09-15 |
Target | SMH Fleet Solutions |
Sector | Transportation |
Buyer(s) | Cazoo |
Sellers(s) | Lloyds TSB Development Capital |
Deal Type | Add-on Acquisition |
Deal Value | 70M GBP |
Advisor(s) | Rothschild Global Advisory (Financial) |
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Category | Company |
---|---|
Founded | 2018 |
Sector | Automotive |
Employees | 3,266 |
Revenue | 1.2B GBP (2022) |
Cazoo is a provider and owns and fully reconditions all its cars before offering them for sale and delivering them free to customer’s doors in a convenient two-hour delivery slot. Every Cazoo car comes with a 7-day money-back guarantee, free comprehensive 90-day warranty, and roadside assistance. Buyers can purchase or finance one of the thousands of Cazoo cars entirely online as well as get an instant offer for any part exchange. Cazoo was founded in 2018 and is based in London, England.
DEAL STATS | # |
---|---|
Overall | 4 of 6 |
Sector (Transportation) | 1 of 1 |
Type (Add-on Acquisition) | 4 of 6 |
Country (United Kingdom) | 3 of 3 |
Year (2021) | 3 of 4 |
Size (of disclosed) | 1 of 4 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2021-09-02 |
Cazana
London, United Kingdom Cazana provides automotive insights for the future of vehicle ownership. Using big data and predictive analytics, Cazana analyses millions of automotive transactions daily to assess the value and risk associated with every vehicle on the road. Cazana was founded in 2012 and is based in London, England. |
Buy | £25M |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2021-11-16 |
Swipcar
Barcelona, Spain Swipcar provides a car lease solution that contributes to the digitalization of the automotive sector. An online car marketplace that enables individuals and companies to easily lease a car with a flexible plan of mileage & time. The company offers a wide range of vehicles (from several providers) through their webpage in Spain, Italy and Portugal all with a worry-free service already included in the monthly installment. Swipcar was founded in 2018 and is based in Barcelona, Spain. |
Buy | €30M |
Category | Private Equity Firm |
---|---|
Founded | 1981 |
PE ASSETS | 2.0B USD |
Size | Middle-Market |
Type | Sector Agnostic |
Lloyds TSB Development Capital Ltd (LDC) is the private equity arm of Lloyds Banking Group Plc and invests in mid-market companies throughout the UK. LDC seeks high growth businesses with at least two years of profitability (greater than £1 million). The Firm looks to commit £2 to £100 million in companies generating at least £5 million in revenue. Areas of interest include cleantech/environmental, construction/property, financial services, healthcare, industrials, retail/consumer, support services, TMT and travel/leisure. Prospective transaction types includes acquisition financings, development capital, equity release, MBOs, MBIs, mergers, private placements, and secondary buy-outs. Lloyds TSB Development Capital Ltd was formed in 1981 and is based in London.
DEAL STATS | # |
---|---|
Overall | 173 of 198 |
Sector (Transportation) | 5 of 5 |
Type (Add-on Acquisition) | 83 of 94 |
Country (United Kingdom) | 167 of 192 |
Year (2021) | 12 of 16 |
Size (of disclosed) | 31 of 61 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2021-09-15 |
Wifinity
London, United Kingdom Wifinity specialises in providing reliable, high-speed broadband to customers on campuses and other multi-dwelling sites, such as student and key worker accommodation and holiday parks. Wifinity was founded in 2007 and is based in London, United Kingdom. |
Buy | - |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2021-09-27 |
Aker
Bicester, United Kingdom Aker designs, builds, and operates ultra-secure public cloud data environments for large private and public sector clients. Its delivery model integrates architecture blueprints, proven cloud technology, pre-built code components and finely honed professional services. Companies proprietary technology solutions drive performance and reduce cost while helping its clients to improve the management and sharing of data across their organizations. Aker was founded in 2016 and is based in Bicester, United Kingdom. |
Sell | - |