Cole Schotz Represents Prestige Land Rover in the sale of Land Rover and Jaguar Dealerships

Attorneys: Mitchell W. Abrahams, Joseph A. Armenti and Jennifer L. Horowitz

In early March, Cole Schotz successfully represented Prestige Land Rover, Inc. in the sale of its Land Rover and Jaguar dealerships to Penske Automotive Group. The transaction, for which negotiations began in November 2016, also involved the purchase and lease of real property in New Jersey, the payoff of a secured lender with liens on the Land Rover and Jaguar dealerships, and various license agreements. The Paramus Land Rover and Jaguar stores are the number 1 volume dealers of new Land Rover and Jaguar automobiles in the United States.

The Cole Schotz team included Mitchell Abrahams, Barry Schwartz, Joseph Armenti, Jennifer Horowitz, Marcie Horowitz, Rosanne Cohen and Kim McEllen.

Coverage of the transaction can be read here.


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