https://techcrunch.com/2021/03/28/uks-cazoo-will-list-on-the-nyse-by-way-of-a-spac-valuing-it-at-7b-and-raising-1-6b/

Cazoo, the UK used-car sales portal that has been on a major fundraising tear in the last year, will be next company to pursue more growth by way of a SPAC: the company today announced that it will list on the NYSE by way of a business combination with AJAX I, a special purpose acquisition vehicle founded by hedge fund supremo Dan Och in partnership with Glenn Fuhrman and others.

The deal values Cazoo at $7 billion and will also include an extra $1.6 billion in new financing: $805 million cash from AJAX I itself and an $800 million PIPE led by the AJAX sponsors and D1 Capital Partners, with Altimeter, BlackRock, Counterpoint Global (Morgan Stanley), Fidelity Management, Marcho Partners, Mubadala Capital, Pelham Capital, Senator Investment Group and Spruce House Partnership also participating, a mix of previous and new Cazoo investors. The deal has already been approved by the boards of Cazoo and AJAX I.