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Gagnier Communications represents AJAX I special purpose acquisition company that is combining with Cazoo, UK’s No. 1 online used car retailer.
The proforma enterprise valuation of the transaction is pegged at $8.1B.
The Financial Times noted that AJAX was founded by billionaire investor Dan Och and is backed by the co-founders of Instagram, Square and 23andMe.
Cazoo has launched an international push, aiming to digitally disrupt the $700B European used-car market.
The company projects 2021 revenues will approach the $1B mark, which represents a more than 300 percent growth in its second year of operation.
Cazoo has more than 1,800 staffers in the UK, Germany, France and Portugal.
Gagnier Communications’ Dan Gagnier and Jeff Mathews work the AJAX deal.
ICR provides investor support to Cazoo.
Interpublic posted a 5.1 percent drop in Q3 net revenues to $2.5B as CEO Philippe Krakowsky reports the final financial results of the publicly traded company.
Joele Frank handles Pine Gate Renewables as the Asheville, NC-based solar power development company declares Chapter 11 in the aftermath of Donald Trump’s cuts to wind & solar tax credits.
Stagwell CEO Mark Penn reports Q3 net revenues jumped 6 percent to $614.5M, a record performance for a non-political period. Operating income soared 45.7 percent to $60.9M.
Joele Frank works for Klöckner Pentaplast as the German maker of plastic films declares Chapter 11. A successful reorganization would slash its its corporate debt by $1.5B.
Teneo represents Metsera, the New York City biotech focused on weight-control products, which is subject to a bidding war between heavyweights Novo Nordisk and Pfizer.
