Houlihan Lokey Advises Constellation Automotive Group

Houlihan Lokey is pleased to announce that Constellation Automotive Group (Constellation or the Group) has successfully completed the refinancing of its c. £1.8 billion senior indebtedness and secured a recapitalisation plan from shareholders. As part of the transaction, the Group has raised a £1.3 billion unitranche and a £240 million super senior revolving credit facility. Houlihan Lokey served as financing advisor to the Group. The transaction closed in April 2025.

Constellation is Europe’s largest digital used car marketplace, operating brands including webuyanycar, Cinch, Marshall Motors, and BCA. It provides an integrated platform for consumers, dealers, and fleet owners, offering a seamless end-to-end experience across vehicle sourcing, remarketing, and retail. The Group is backed by leading U.K.-based private equity firm TDR Capital LLP.

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