UK lessor Five Arrows Leasing Group has
acquired specialist finance broker Print Finance.
The Rothschild-owned asset finance company is
expanding its presence in the print finance business as it attempts
to fill the gap left by a number of traditional funders who have
reduced their lending to printing companies.
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Paul Coggins, who founded the brokerage 20
years ago, will continue to run the business from its current
offices in Brasted, Kent.
Coggins said: “The backing of Rothschild and
Five Arrows means we are better placed to extend our support to the
industry. I believe that there is the demand in the current market
place for an additional specialist funder with a deep understanding
of the marketplace we operate in.”
The move is in line with Five Arrows’ strategy
to focus on niche sectors. Earlier this
year, the lessor told Leasing Life it was “ready for
new opportunities when they arise”.
Commenting on the acquisition, managing
director Sam Geneen said: “In the current climate, the print sector
requires financial support to invest in new capital equipment and
this is not being delivered by the banks.
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By GlobalData“Having a newly invigorated player in the
print finance market able to offer direct solutions as well as
brokered finance is an exciting development.”
