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.

Key Contacts

Mark Stoddart

Director

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Henry Wells

Partner & Head of Consumer

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Stephen Nemeth

Director

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Hugh Ripley

Associate

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Sam Kavanagh

Associate Director

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Emily Hill

Senior Associate

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Jonathan Buxton

Partner

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