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January 31, 2022

King & Spalding Advises Bramall Family on Sale of 19.90% stake in UK-listed car dealership Lookers

King & Spalding represented Mr Tony Bramall and associates on the sale of a 19.90% stake in Lookers Plc, a UK-listed car dealership, to Constellation Automotive Holdings Limited.

The Bramall family sold 78 million group shares in Lookers at a price of 102 pence per share. Lookers represents 32 manufacturer brands, selling a range of new and used vehicles from 150 dealerships in the UK and Ireland. Constellation Automotive is the owner of online platforms WeBuyAnyCar, Cinch and British Car Auctions. More details on the transaction can be found here.

The K&S team advising the Bramall Family in respect of this matter was led by London CFI partner William Charnley.