Only scratching the surface

BHP Corporate Finance is delighted to have acted as lead advisor to Greenhous Group (Holdings) Limited (“Greenhous”) on the disposal of Smart Fleet Solutions (“SFS”) to the highly acquisitive, online used car dealer Cazoo.

Greenhous is a long-standing client of BHP Corporate Finance and is a £1billion turnover, top 20 automotive group that provides an end-to-end service across the vehicle lifecycle including logistics and reconditioning services.

SFS is a UK-leading vehicle reconditioning and storage specialist which employs more than 500 employees and operates from vehicle refurbishment facilities across 110 acres in Staffordshire, Nottinghamshire, Wiltshire and Scotland, processing more than 100,000 vehicles annually with storage for more than 20,000 vehicles.

Greenhous’ FD Mike Pawson said: “BHP Corporate Finance is a long-standing advisor to Greenhous Group and the disposal of SFS further reinforced the value of their quality, experience, and insight. BHP worked tirelessly to ensure strict timescales were met in a very professional manner”

Hamish Morrison and Will Holmes led the multi-disciplinary team which acted as lead advisor to Greenhous.  Will Holmes said: “Our long-term relationship with Greenhous has seen us advise the group on a number of strategic buy-side and financing transactions, which has resulted in the business achieving rapid growth over an extended period.  We are delighted on this occasion to have advised Greenhous on another significant transaction with the successful disposal of SFS, a market leader in an attractive and growing sector”