Freshfields advises Cazoo on the acquisition of Cluno
Freshfields Bruckhaus Deringer has advised Cazoo, the leading UK online car retailer, on its acquisition of Cluno, Germany’s leading consumer car subscription platform.
Cazoo was founded in 2018 by Alex Chesterman OBE in the UK and is backed by leading global technology investors. Following the acquisition, Cluno, which was founded in Munich in 2017, is expected to become Cazoo's European headquarters and the base for its international growth strategy in Germany and Europe. Cazoo will then also offer car subscriptions in Europe and the UK. Sellers are the founders of Cluno, Christina Polleti, Nico Poletti and Andreas Schuirer, as well as further investors, among them Valar Ventures, Acton Capital Partners and Atlantic Labs.
Freshfields regularly advises Cazoo on transactions and works closely with Cazoo‘s Group General Counsel, Ned Staple. The team included Lars Meyer, Elizabeth Oberholzer, Mirjam Meyer (all Corporate / M&A) and Philipp Knoll (People & Reward) as well as Mario Hüther and Matthis Grenzer (both Finance); Stefan Bajohr (Corporate / IP), Philipp Lehmann (Corporate / Data); Alexander Glos and Alicia Hildner (both Finance / Regulation); Alexander Schwahn and Tobias Franz (both Tax), Frank Röhling and Uwe Salaschek (both Antitrust), and Natasha Good, Kaustuv Banerjee and Kathleen Chua (Corporate / UK law, London).