Private equity firm Keyhaven Capital Partners has agreed to sell its equity stake in independent collision repair group Steer Automotive to Oakley Capital.
Cambria Investment Holdings has recruited Mike Allen to head its new investment company Cambria Private Capital.
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.
Darren Mornin, Next Gear Capital managing director, discusses stock funding and how the business is working with retailers to expand their businesses
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.
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.
Onto has raised a new credit funding line of £100m from global investment group CDPQ and independent asset manager Pollen Street.
Daimler Trucks has launched a new financial services business to help support Mercedes-Benz and FUSO trucks customers.
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.
V12 Vehicle Finance (V12VF) has reached its third-year anniversary with record sales figures.
Car subscription service Onto has raised £49.8m to fund its expansion into Europe next year.
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.
V12 Vehicle Finance (V12VF) has provided £50m worth of stock funding for independent and franchised car dealers in the UK, achieving a finance milestone.
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
The Karshare community car-sharing app has announced a £3 million funding boost that will help support its expansion in UK cities.
UK-based electric vehicle (EV) subscription provider Onto has attracted a further £126 million in its latest funding round.
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.
Bumper, formerly Auto Service Finance, has secured a £10m flexible working capital facility from Secure Trust Bank Commercial Finance.
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.
Car sharing platform Karshare has achieved its £1m funding target through its equity crowdfunding campaign.
