Carcraft management buyout

Hogan Lovells has advised the shareholders of Carcraft on its management buyout (MBO) led by CEO Robin Bridge, for an undisclosed sum.

Carcraft is the UK's only national independent car supermarket, bought by the McKee brothers from their father in 1998. Since then, together with Robin Bridge, they have grown the business from one site to eleven.

The Hogan Lovells team advising Carcraft on the MBO was led by London private equity partners Alan Greenough and Keith Woodhouse with associates Monika Przygoda and Laurence Dace.

Commenting on the transaction, Alan said: "We have acted for Carcraft for a long time and are pleased to have advised on this MBO which will allow the continued growth of Carcraft at a crucial time as the market sees an increase in consumer confidence and greater availability of consumer credit".