About the transaction
BlueBull, the financial advisory firm specialized in advising technology and high growth companies in M&A transactions, acted as the exclusive financial advisor of Renting Finders on the fundraising and subsequent acquisition of Swipcar from the publicly listed company, Cazoo (NYSE:CZOO). The acquisition will enable Renting Finders to consolidate its position as the leading provider of online leasing and renting services in Southern Europe and accelerate its penetration into new markets.
Founded in 2019, Renting Finders provides online-only renting and leasing services for a wide range of vehicles, with a flexible plan of mileages & time through a subscription-based model, which allows clients a worry-free renting experience. Renting Finders is currently present in Spain and Portugal and has nearly 4.000 active subscriptions.
Acquiring Swipcar, will allow Renting Finders to increase its customer base by a factor of 3x and reach over 10.000 active subscriptions. The enlarged business will become the leading provider of online renting and leasing services in Spain, Portugal and Italy with a strong position to continue consolidating the Southern European market.
Founded in 2019, Renting Finders has transformed the online leasing car market by creating an extensive network of vehicle fleets and making the process easy and accessible to end customers, both B2C and B2B.
The company through agreements with the major leasing houses and dealership groups in Spain and Portugal offers a wide range of vehicles through their online car platform, with a worry-free services already included in the monthly installment (maintenance, insurance, etc.).
2019
Incorporation date
+40
Employees
c.4K
Active lease contracts
Founded in 2018, Swipcar is the pioneer of digital car subscription marketplace in Spain, with over 7.000 active subscription as of December 2022.
In 2021, Swipcar was already present in Spain, Portugal and Italy and was acquired by Cazoo.
Publicly listed in the New York Stock Exchange, Cazoo (NYSE:CZOO) is an online marketplace for the sale of new and used cars, with a platform that has helped transform the car buying and selling experience across Europe.
2018
Incorporation date
+7k
Active lease contracts
BlueBull´s extensive transaction experience and digitally minded team of investment banking professionals enabled a smooth execution throughout, from negotiation to closing .
Arturo Álvarez
Founder & CEO Renting Finders
BlueBull is the leading investment bank specialized in advising technology companies in Southern Europe, focused on high-growth disruptive business models, With over 20 transactions closed since 2021 in the technology sector.
Más información
Joaquín Durán
[email protected]
Alfonso Díaz
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Luis Patiño
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Daniel Alcusa
[email protected]
+20
Tech transactions advised since 2021
+20
Tech-focused Investment Banking Professionals
A team of +20 digitally focused professionals contributes to the growth of the digital economy advising entrepreneurs, corporates, and institutional investors on M&A and fundraising transactions.
