“I’m not an innovator, just a copycat”
Apr 23, 2021
2 minutes
Alex Chesterman has been described as “the most effective doer of deals in British business”. He’s certainly one of the speediest, says the Financial Times. Less than 18 months after launching Cazoo in December 2019, he’s planning to float the online used car-dealer for a hoped-for $7bn, using billionaire investor Daniel Och’s special purpose acquisition company (SPAC). It’s expected to be “the highest initial listing value. But a deal that size is enough to have Arthur Daley spinning in his grave.
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