- Learn More
Our lawyers provide innovative and practical counsel on a wide variety of capital raising and securities law compliance matters. We represent clients ranging from emerging private companies to established public companies. With each, we build long-term relationships, generating efficiencies and helping them realize their business goals.
Viking Global Invests in Cazoo
- Client News
- February 9, 2022
Paul, Weiss is advising funds affiliated with Viking Global Investors in a $630 million convertible note issuance by Cazoo, a leading online car retailer in Europe. The parties entered into a note purchase agreement on February 9 and anticipate closing the transaction on or about February 16.
Cazoo intends to use the proceeds of the notes issuance for general corporate purposes, including M&A activity and share buybacks. Mubadala Investment Company, D1 Capital and Willoughby Capital, among others, are investing alongside Viking Global in the convertible note issuance.