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Cazoo CEO and founder, Alex Chesterman. Credit: Cazoo

Freshfields Bruckhaus Deringer and Kirkland & Ellis are advising on U.K. car retailer Cazoo’s merger with a special purpose acquisition company (SPAC), that will see the company valued at $7 billion.

A Cazoo statement on Monday confirmed it plans to list on the New York stock exchange after a merger with SPAC AJAX I. According to the statement, AJAX is a $805 million SPAC, founded by U.S. investor Dan Och, who will join the merged company’s board.

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Varsha Patel

Varsha joined Legal Week in October 2019 after working as a senior editor at LexisNexis. She covers continental Europe and the in-house market. You can reach her on [email protected]

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