Merchant House Finance has changed its name to
DS Finance & Leasing Limited following the 100% share
acquisition by Industrial Investment Group (IIG).
IIG acquired the 49% stake in the company
previously held by Merchant House Group and the new company will
operate from the offices of Daniel Stewart & Co in the City of
London.
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IIG was started 18 years ago as a holding
company and has been responsible for a number of businesses, often
in partnership with other financial services companies.
Through its subsidiary St. Helens Finance, IIG
formed a partnership with Merchant House Group in 2006 to Merchant
House Finance.
John Lutterloch, chief executive of IIG, said:
“We our now working in partnership with Daniel Stewart & Co and
we believe that the current market conditions offer substantial
opportunities for companies like ours.
“Part of our strategy has been a ‘one stop
shop’ for both debt and equity and this has enabled us to complete
a number of turnaround transactions working with third party equity
providers and using traditional asset finance products like sale
and leaseback and invoice discounting.”
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