UK broker WestWon has completed the
acquisition of the customer base and intellectual property of
fellow leasing introducer Capex.
The acquisition, WestWon’s tenth in five
years, gives the firm full rights to the Capex brand name, client
base and lease agreements and is part of a three-pronged growth
plan of organic expansion, investment in its internet arm, and
selective acquisitions.
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Jeremy Hall, WestWon chief executive, said he
had always admired the Capex brand and said acquisition of the
company, which specialises in IT leasing and has a multi-million
pound book funded by the likes of BNP Paribas, Investec, ING Lease,
Siemens Financial Services and the Bank of Scotland, was aligned
with WestWon’s current and future business model.
“Given our existing focus on IT, software,
security and office furnishings, we are ideally placed to provide
the leasing expertise that Capex customers have come to expect,
alongside the market-leading levels of service for which WestWon is
widely known,” he added.
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