Freshstream invests in Big Motoring World

Freshstream today announces that it has made an investment in Big Motoring World, the UK’s leading omni-channel tech-enabled second-hand car platform.

Founded in 1986 by Peter Waddell from his home in Teynham, Big Motoring World is now a top ten UK car dealer, operating from five sites with over 650 employees, selling an average of 22,000 cars a year. Big Motoring World has demonstrated a strong growth trajectory, maintaining strong revenue growth and acquiring two sites in Peterborough in 2021 despite the disruption from Covid.

Big Motoring World prides itself on providing a wide range of choice of quality second-hand cars combined with a customer service centric focus. It has consistently achieved best-in-class margins through its unique combination of advanced technology and a strong relationship-driven sourcing network. In addition to direct sales of second-hand cars, it provides a broad range of services and products, including financing commission, warranties and insurance.

Freshstream’s investment in Big Motoring World will enable the business to accelerate its growth strategy, developing its services to meet the needs of customers across new geographies. It is the third investment by Freshstream since it spun out of Bregal Investments in 2020.

Peter Waddell, CEO of Big Motoring World, commented:

“We are delighted to be partnering with Freshstream and look forward to working with them as we continue to scale and grow Big Motoring World. Their investment and expertise will allow us to further accelerate our ambitious growth strategy.”

Reza Fardad, Partner, at Freshstream, said:

“We are thrilled to be supporting the Big Motoring World team on the next chapter of their development. They have built a well-regarded platform and are well-positioned to capitalise on the sector trends in the coming years.”

For further information

Andrew Jaques / Pete Lambie / Pauline Guenot     MHP Communications     +4420 3128 8570

Notes to Editors

Freshstream Investment Partners is a midmarket private equity firm focused on the UK/Benelux regions. Founded in 2015 with offices in London and Amsterdam, Freshstream seeks to partner with entrepreneurs and management teams of rapidly growing businesses to provide insight, expertise and capital in order to build excellent, future-proof businesses that create value for its shareholders. Freshstream is a signatory of UN Principles for Responsible Investment, iCi, and has been carbon neutral since 2018.