The Platform Group GmbH & Co KG and Vive la Car GmbH signed an agreement to acquire Cluno GmbH from Cazoo Group Ltd (NYSE:CZOO) on February 17, 2023. The agreement includes the Cluno brand along with the associated assets. All employees of Cluno will transfer to ViveLaCar GmbH as part of the agreement. Cazoo has been paid for Cluno but the transaction has not yet completed. Cluno GmbH had net assets of £26.2 million as at December 31, 2022. Michael Inhester of P+P Pöllath + Partners acted as legal advisor to Vive la Car GmbH. Anthony Cross of Eversheds Sutherland (Germany) LLP acted as legal advisor to Cazoo Group Ltd (NYSE:CZOO). Fabian Brocke and Marcus Columbu of act AC Tischendorf Rechtsanwälte acted as legal advisors to The Platform Group GmbH & Co KG.

The Platform Group GmbH & Co KG and Vive la Car GmbH completed the acquisition of Cluno GmbH from Cazoo Group Ltd (NYSE:CZOO) on March 2, 2023.