Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Arbuthnot subsidiary strikes £3.5m acquisition deal

Arbuthnot subsidiary strikes £3.5m acquisition deal

Arbuthnot's Secure Bank Trust has snapped up alternative lender V12 Group Finance in a £3.5 million deal.

Cardiff-based V12 and its subsidiaries, V12 Retail Finance and V12 Personal Finance, provide retail point of sale loans on an unsecured basis.

Its deal with Arbuthnot's Secure Bank Trust is expected to allow V12 to redeem roughly £7 million of subordinated debt, which is mainly held by venture capitalist Jon Moulton.

It is hoped V12 will expand organically following the acquisition, bolstering retail finance within Secure Bank, which is 70.7% owned by Arbuthnot.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Brewin's Gutteridge: the opportunities in UK challenger banks

Brewin's Gutteridge: the opportunities in UK challenger banks

In this week's podcast, Brewin Dolphin's Ben Gutteridge and Guy Foster, discuss opportunities in the global financials sector with Aptus' Johnny De La Hey.

Play Charles Tan on Woodford & hidden trust income gems

Charles Tan on Woodford & hidden trust income gems

Cantor Fitzgerald investment company analyst Charles Tan discusses Woodford Patient Capital and some of the income trusts slipping under the radar.  

Brewin's Foster: the world’s most unconventional monetary policies

Brewin's Foster: the world’s most unconventional monetary policies

In this week's podcast, Guy Foster asks why the world’s biggest economies are pursuing some of the world’s most unconventional monetary policies. 

Your Business: Cover Star Club

Profile: how Close Brothers gave power back to the regions

Profile: how Close Brothers gave power back to the regions

Almost a year into the role, Close Brothers Asset Management head of wealth management Andy Cumming has highlighted three keys areas of focus

Wealth Manager on Twitter