Online car retailer Cazoo considering deal with Dan Och's SPAC Ajax I
- Online car retailer Cazoo is considering a deal to go public through hedge fund investor Dan Och's Ajax I (NYSE:AJAX) SPAC, according to a SKY News report.
- Cazoo, which may be valued at more than $8b in a deal, has been holdings talks with Ajax I for several weeks, but there's no certainty a deal will happen, the report said. Ajax I was among a number of possible SPAC partners for Cazoo as it looks to go public.
- Cazoo, which is backed by investors including BlackRock (NYSE:BLK), was was weighing plans for an IPO in London, according to a Bloomberg report last month.
- Recall Oct. 28, Och-Ziff founder's SPAC Ajax I prices $750M IPO.