Suitors Approach British Car Dealership Lookers

5 years ago

A consortium of investors, led by investor Jack Petchey, has approached British car dealership and parts supplier Lookers with a potential buyout offer, Reuters reported. Petchey’s Trefick vehicle, along with real estate private equity investment advisory firm Moor Park Capital Partners, and venture capitalist Brett Palos made a joint approach to Lookers’ board in writing regarding a possible cash offer, Reuters wrote. Lookers, however, has not allowed the suitors access to its books, Reuters said.