Cavendish
Deals
Carsite / Tesco Plc
Cavendish Corporate Finance LLP is pleased to announce it has closed an expansion capital fundraising round for Carsite, the innovative and market leading online used car retailer that enables fleet and lease companies to sell their stock direct to the public. The transaction involved Tesco Plc investing an undisclosed amount to take a minority stake, with the ability to increase their shareholding in subsequent years.
"Cavendish did an excellent job in managing the fundraising process. Not only did they quickly identify and approach suitable investors, the fundraising transaction was completed to a strict time scale and in a difficult market. Their ongoing advice and support has also been invaluable to the business as we move forward."
Douglas Rotberg, Co-founder of Carsite
Other deals in the Business Services sector:
| Vendor & Client | Acquirer / Investor | |
|---|---|---|
| Cert Octavian plc | Muller | view deal |
| Community Waste Recycling Limited | Viridor Waste Management Limited, a subsidiary of Pennon Group plc | view deal |
| Timothy James Consulting | Hamilton Bradshaw & Management | view deal |
| Angel Springs Holdings Limited | Lloyds Development Capital | view deal |
| New College of the Humanities Ltd | Private individuals | view deal |
| Carsite | Tesco Plc | view deal |
| Hawk-Eye Innovations Ltd | Sony Corporation | view deal |
| Seafood Holdings Ltd | Bidvest | view deal |
