Corporate Finance Deal Announcement: Vauxhall dealership Lange (West End) Ltd
We are delighted to announce the completion of the sale of London-based Vauxhall dealership Lange (West End) Ltd to Now Motor Retailing. The transaction expands Now’s representation with Vauxhall to six sites.
Our corporate finance team, led by Laurence Whitehead and Craig Chamberlain, advised the vendors on the sale. Further support was also provided by our tax team, led by Rachel Salter. We assisted the vendors in the negotiation and the structure of the deal and our team’s track record and experience was paramount in being able to assist the vendors in securing a good deal in a difficult market. We are delighted with the outcome for all parties involved.
About Lange (West End) and Now Motor retailing
Lange (West End) Ltd is a motor dealership for Vauxhall and Saab motor vehicles, based at Staples Corner in London. The site is on London’s busy North Circular and is a newly built brand centre. It sells new and used motor vehicles and provides after-sales services such as vehicles repair and servicing. The state of the art premises are one of the most innovative and up to date facilities in the country and incorporate a two storey showroom holding 18 new cars, displaying both ranges, and a newly modernized 18 bay workshop with all the latest diagnostic and servicing equipment. There is also a display area for 120 used vehicles.
Now formed in 2006 as a joint venture with Vauxhall to acquire the assets of the Lance Owen Group. The group employs around 160 staff and has a turnover of £32m. In addition to the recently acquired Staples Corner site, Now also operates sites in Addlestone, Heathrow, Kingston, Richmond, and West Byfleet.
If you would like to know more about this deal or how we can assist you, your clients or your contacts who may be looking to sell, send us an online enquiry to arrange an initial no-obligation meeting.