Funding
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Acquisitions and deals 19 JanSteer Automotive attracts European investor as Keyhaven exits
Private equity firm Keyhaven Capital Partners has agreed to sell its equity stake in independent collision repair group Steer Automotive to Oakley Capital.
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Finance 23 OctMark Lavery launches Cambria investment company to boost automotive sector
Cambria Investment Holdings has recruited Mike Allen to head its new investment company Cambria Private Capital.
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Car Dealer News 22 SepDebt restructuring "will do little to fix Cazoo's rickety engine"
The restructuring agreement announced by online car dealer Cazoo this week to “deleverage” its capital structure and further improve its “financial flexibility” won't yet smooth its investors' journey, and stakeholders should "buckle up" according to one expert.
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Supplier Interviews 9 Aug5 mins with…Darren Mornin, NextGear Capital managing director
Darren Mornin, Next Gear Capital managing director, discusses stock funding and how the business is working with retailers to expand their businesses
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Retailing 28 MarAdvice to bolster the dealership as profits come under pressure
Experts point to some of the structural elements which could help make car dealerships more sustainable in tough economic conditions, from rates reviews and refinancing to tax reliefs.
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Finance 2 MarCarmoola raises £103.5m funding to help drive growth plans
UK motor finance fintech Carmoola is poised to drive "ambitious growth aspirations" after raising a £8.5 million Series A round and £95 million debt facility.
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Latest News 25 JanOnto raises £100m credit facility from CDPQ and Pollen Street
Onto has raised a new credit funding line of £100m from global investment group CDPQ and independent asset manager Pollen Street.
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Manufacturer 7 SepDaimler Trucks launches new financial services business
Daimler Trucks has launched a new financial services business to help support Mercedes-Benz and FUSO trucks customers.
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Latest News 5 Aug‘Seismic’ High Court judgment leaves franchised car dealers vulnerable to 7-day termination
A ‘seismic’ High Court ruling over a landmark case involving RCI Financial Services and Mackie Motors has paved the way for a seven-day termination period for franchised car retailers, it has been claimed.
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Supplier News 4 AugV12 Vehicle Finance achieves record sales figures
V12 Vehicle Finance (V12VF) has reached its third-year anniversary with record sales figures.
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Latest News 27 Jul
Onto begins European expansion
Car subscription service Onto has raised £49.8m to fund its expansion into Europe next year.
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News 20 SepPremium used car supermarket expands with £1.7m funding
A £1.7 million funding package from Santander UK has allowed The Car Sales Company Bury to open a new showroom and boost its workforce with the addition of 20 new staff.
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Finance 8 SepV12VF achieves £50m stock funding milestone
V12 Vehicle Finance (V12VF) has provided £50m worth of stock funding for independent and franchised car dealers in the UK, achieving a finance milestone.
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Market Insight 26 AugBMW among winners of £92m decarbonisation funding from APC
A round of £91.7m funding is being split between four projects aiming to find solutions to decarbonise commercial transport and tackle electric vehicle (EV) range anxiety
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Latest News 19 AugKarshare announces £3m investment to fund expansion
The Karshare community car-sharing app has announced a £3 million funding boost that will help support its expansion in UK cities.
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Latest News 28 Jul
EV subscription provider Onto attracts £126m in funding round
UK-based electric vehicle (EV) subscription provider Onto has attracted a further £126 million in its latest funding round.
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Car Dealer News 15 JunCars2 invests in freehold and expands Pure premium used car business
Cars2 has secured freehold ownership of its Bradford Hyundai dealership and funded a new Pure Cars premium used car showroom in Wakefield after refinancing its debt with Barclays.
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Aftersales 28 MayBumper secures £10m credit facility as it targets further expansion
Bumper, formerly Auto Service Finance, has secured a £10m flexible working capital facility from Secure Trust Bank Commercial Finance.
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Digital Marketing 29 MarFundraising bid reckons Cinch has market leading potential
Cinch, the online used car retail business, has been tipped for market leading potential amidst reports its owner Constellation Automotive Group is trying to raise £500 million of institutional funding.
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Latest News 8 JanKarshare surpasses £1m funding target
Car sharing platform Karshare has achieved its £1m funding target through its equity crowdfunding campaign.
