Shawbrook to acquire high-end motor finance provider

Published on

Shawbrook Group plc has signed an agreement to acquire JBR Auto Holdings Limited, a UK specialist motor finance lender focused on high-end vehicles.

Subject to satisfaction of the conditions precedent to the acquisition, completion is expected to take place in the third quarter of the year.

The acquisition will broaden Shawbrook’s offering within the regulated motor finance sector.

Marcelino Castrillo, CEO of Shawbrook, said: “JBR’s extensive knowledge of this specialist segment within the wider motor finance market is exceptional.

“Aligning the business to Shawbrook’s ‘best of both’ approach, combining technology with deep human expertise, this acquisition will help us to extend the JBR proposition to more customers who value a premium experience, flexibility, and certainty when securing finance for their high-end vehicles.”

Darren Selig, founder and chief commercial officer at JBR, added: “We are excited for JBR to be joining Shawbrook where we can leverage its established platform and resources to further enhance our customer proposition and serve more customers in our segment of the market.

“It allows us to combine JBR’s specialist expertise with Shawbrook’s broader capabilities, creating a truly unique offering for our clients in the high-end motor finance market.”

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Spring surge in property listings creates market opportunities

The average asking price for newly listed properties has risen by 1.1% (+£3,876) this...

Secure Trust Bank Commercial Finance appoints senior portfolio director

Secure Trust Bank Commercial Finance (STB CF) has announced the appointment of Carl Pykett...

Inflation expectations rise slightly as BoE releases latest survey

Public expectations for inflation and interest rates have edged higher, according to the Bank...

£1 billion lost annually as 50,000 London social homes used fraudulently

A shocking new report reveals that around 50,000 social housing properties in London are...

Other news

Spring surge in property listings creates market opportunities

The average asking price for newly listed properties has risen by 1.1% (+£3,876) this...

Secure Trust Bank Commercial Finance appoints senior portfolio director

Secure Trust Bank Commercial Finance (STB CF) has announced the appointment of Carl Pykett...

Inflation expectations rise slightly as BoE releases latest survey

Public expectations for inflation and interest rates have edged higher, according to the Bank...