Hill Dickinson advises on £5 million investment for Rockar
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International law firm Hill Dickinson has advised innovative motor retailer Rockar on an investment from private equity houses Maven Capital Partners and NVM Private Equity LLP.
Rockar was established in 2012 by Simon Dixon with the aim of revolutionising the car buying experience. The result is a new retail proposition where customers have access to all the services of a traditional dealership online, or at one of Rockar’s digital stores.
The private equity houses jointly announced the £5 million investment, which will enable Rockar to partner with more major automotive manufacturers following its initial success with Hyundai, launch more digital stores and continue to develop its innovative technology platform.
Hill Dickinson corporate partner Jonathan Gillow advised Rockar on the fundraising.
The latest fundraising follows a £1 million investment from Seneca Partners EIS funds in November 2014 which saw Rockar launch its first two digital stores in the Bluewater Shopping Centre, Kent and the Westfield Shopping Centre, East London.