Catalyst Fiscal has entered a partnership with MAC Capital Corporate Finance, giving birth to MAC Capital Finance and bringing its asset finance expertise to the new London-based venture.
Asset finance had remained an unexplored area within MAC Capital’s portfolio, which will in turn provide Catalyst with a wide client base for its asset finance products, according to the companies.
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Catalyst is confident the move will enable it to significantly increase its business levels among MAC’s clients, which hail from a range of industries including engineering, IT, aircraft, high net worth individuals, accountancy and law firms.
According to a joint statement by the companies, the "jewel in the crown" of the venture is MAC Capital’s ownership of Fruehauf Trailers, a UK tipping trailer manufacturer which MAC Capital Finance plans to support in the creation of Fruehauf Capital.
Barry Nicholson, director of MAC Capital Finance, said he was pleased with the outcome: "I am delighted that after months of negotiation we are now in a position to drive the business forward in conjunction with our loyal and supportive funding partners."
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