Freshfields Advises CarLotz on Its Sale to Shift

Freshfields is advising CarLotz, Inc. (Nasdaq: LOTZ), a leading consignment-to-retail used vehicle marketplace, in its sale to Shift Technologies, Inc. (Nasdaq: SFT), a leading end-to-end used vehicle ecommerce platform, in a stock-for-stock transaction. Details of the transaction and its rationale can be found here.

Freshfields previously advised CarLotz on its de-SPAC transaction with Acamar Partners Acquisition Corp.

The Freshfields team is led by capital markets Partner Valerie Ford Jacob and M&A Partner Sebastian Fain, M&A Counsel Olaf Ehlers and capital markets Counsel Jeremy Barr, M&A Associates Brianna Cummings, Sofia Bernaciak, Joyce Yeo, Stephen Brady, Nathalie Kupfer, Jenny Park and Wicy Wang and capital markets associates Heather Kellam and Isaac Ellman with support from Partner Jonathan Zhou; executive compensation and employee benefits Partner Lori Goodman and Associates Lina Zhu and Chaim Leggiere; litigation Partner Mary Eaton, Senior Associate Nicholas Caselli and Associates Peter Kim and Justin Lin; tax Partner Robert Scarborough and Counsel Dennis Caracristi; IP/tech transactions Partner Mena Kaplan and Associates Marissa Yu and Jennifer Lei; data privacy and security Partner Christine Lyon, Counsel Brock Dahl and Associate Cody Goodchild; finance Partner Kyle Lakin and associate Christian Scott Uhlig; and antitrust Partner Mary Lehner, Counsel Laura Onken, Special Counsel Meytal McCoy and Associate Lauren Vaca.