Investec Asset Finance has expanded its presence in the UK
broker market dramatically, acquiring the lease portfolio of
Universal Leasing, as well as a majority stake in introducer
Leasedirect Finance (LDF).
The purchase of Universal Leasing will not include Admiral
Leasing, its broker subsidiary.
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The acquisition of a 75 percent share of LDF’s capital will give
Investec access to the valuable Professions Finance market, while
allowing LDF to continue growing as a broker in its own right.
LDF will retain its funding panel and management, led by Paul
Buchanan, while several Investec staff will join the business.
Fred Crawley
