In a major boost for our business, we have today announced the intention to sell our shareholding to private and commercial bank Arbuthnot Latham and Co, in a move which will bring in significant new funding.
The acquisition, which is now subject to regulatory approval, will replace existing funding and support our ambitious growth plans.
CEO Willie Paterson says: “We have been actively looking to attract a new investor and been fortunate to have several expressions of interest from different parties. However, the approach from Arbuthnot Latham and Co stood out to us as an ideal match for our operations and plans for continued growth.
“We are known for delivering a truly personal and bespoke service based on our specialist asset expertise and deep understanding of asset finance. This backing gives us the potential to develop that offering at a faster pace, helping more customers whilst also ensuring our proposition remains competitive, flexible and innovative.”
Click here to read the full press announcement.