15 7月 2021
Linklaters advises on carve-out of CarNext
Linklaters has advised CarNext on its carve-out from leasing company LeasePlan and a EUR 400 million capital raise.
CarNext is one of Europe’s leading online used car marketplaces with B2B operations in 22 countries and a B2C marketplace present in seven of the largest markets across Europe.
The carve-out separated CarNext into an independent group owned by a consortium of investors including TDR Capital, a wholly owned subsidiary of Abu Dhabi Investment Authority (ADIA), GIC, PGGM, ATP and Goldman Sachs Asset Management. It was implemented alongside a long-term service agreement with LeasePlan which guarantees CarNext a supply of close to 300,000 used cars to sell annually. CarNext also secured an asset backed facility to finance scaling of its working capital.
The Linklaters team was led between London and Amsterdam by partners Will Aitken-Davies, Mariken van Esch, Reza Taylor and Mees Roelofs and included managing associates Crystal Mc Intosh, Hannah Charlton and Jennifer Sharp.
CarNext is one of Europe’s leading online used car marketplaces with B2B operations in 22 countries and a B2C marketplace present in seven of the largest markets across Europe.
The carve-out separated CarNext into an independent group owned by a consortium of investors including TDR Capital, a wholly owned subsidiary of Abu Dhabi Investment Authority (ADIA), GIC, PGGM, ATP and Goldman Sachs Asset Management. It was implemented alongside a long-term service agreement with LeasePlan which guarantees CarNext a supply of close to 300,000 used cars to sell annually. CarNext also secured an asset backed facility to finance scaling of its working capital.
The Linklaters team was led between London and Amsterdam by partners Will Aitken-Davies, Mariken van Esch, Reza Taylor and Mees Roelofs and included managing associates Crystal Mc Intosh, Hannah Charlton and Jennifer Sharp.
