About the transaction
BlueBull acts as exclusive financial advisor to the shareholders of Swipcar on its sale to Cazoo (NYSE:CZOO). The combination will enhance Swipcar’s position on its core markets while accelerating Cazoo’s expansion, launching Spain and Italy.
Swipcar, based in Spain and with growing presence in Italy and Portugal is the leading Spanish digital car subscription marketplace. Offers a car lease solution that contributes to the digitalization of the automotive sector. An online car platform that enables individuals and companies to easily lease a car with a flexible plan of mileages & time.
Cazoo, based in the UK, is an online new and used cars platform designed to transform the car buying and selling experience across Europe.
The automotive market is moving towards a strong digitalization where subscription models are gaining importance.
Founded in 2018, Swipcar has transformed the online subscription car market by creating extensive network of vehicle fleets and making the process easy and accessible to end customers.
The company offers a wide range of vehicles (from several providers) through their webpage, in Spain, Italy and Portugal, with a worry-free services already included in the monthly installment (maintenance, insurance, etc.).
Avg. Buy/sell process duration
Cazoo (NYSE: CZOO), the European leader in online car sales that has made buying and selling a car as simple as ordering any other product online, today announced the acquisition of Swipcar, the leading marketplace for car subscription in Spain.
Cazoo is one of the fastest growing companies in Europe. It is leading the transition to online car buying and selling and has become one of the leading car subscription platforms in Europe.
Since the start of its operations less than 2 years ago, it has sold more than 40,000 cars.
“Joining forces with BlueBull has been key for the successful execution of this transaction.”
Julio Ribes, Founder & CEO
Alex Chesterman, Founder & CEO
Joaquín Duran – Founding Partner[email protected]
Jose María Herranz – VicePresident[email protected]
Luis Patiño – Associate[email protected]