2011
Year
Consumer & Retail
Sector
Carsite
Client
Tesco Plc
Acquired By
Carsite / Tesco Plc
Cavendish Corporate Finance LLP is pleased to announce it has closed an expansion capital fundraising round for Carsite, the innovative and market leading online used car retailer that enables fleet and lease companies to sell their stock direct to the public. The transaction involved Tesco Plc investing an undisclosed amount to take a minority stake, with the ability to increase their shareholding in subsequent years.
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