The car dealership based across Guernsey, Jersey, the Isle of Man and the Isle of Wight employs 500 staff, all of whom are being retained to support the future growth strategy of the Group’s new owners.
Previous owner Octane PCC Limited (Octane) sold the car firm to Dutch company Van Mossel Automotive Group (Van Mossel).
For Van Mossel, this means an expansion into the locations listed above.
Carey Olsen Partner James Willmott led on the M&A aspects of the complex sale – which also involved properties across various locations
“We are pleased to have been able to represent Octane on this transaction, which demonstrates the strength and depth of our offering across the Channel Islands,” he said. “It was great to work with them once again, having previously advised on the sale of Jacksons to Octane in 2014.”