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.