Freshfields Bruckhaus Deringer and Kirkland & Ellis are advising on U.K. car retailer Cazoo’s merger with a special purpose acquisition company (SPAC), that will see the company valued at $7 billion.

A Cazoo statement on Monday confirmed it plans to list on the New York stock exchange after a merger with SPAC AJAX I. According to the statement, AJAX is a $805 million SPAC, founded by U.S. investor Dan Och, who will join the merged company’s board.