Ashcombe advises The Car Finance Company on the sale of a loan portfolio
Ashcombe Advisers is pleased to announce that it has advised The Car Finance Company (2007) Limited (“TCFC”) on the sale of a portfolio of auto loans. The buyer was not disclosed.
TCFC ceased originating loans in April 2017. The portfolio was originated between 2013 and 2017 and comprised all of the Company’s remaining loans.
Nigel Clibbens, Director of TCFC, said:
“The sale of the loan portfolio represents an important step in the orderly wind down of the business.”
Commenting on Ashcombe’s role, TCFC said:
“We took some time selecting an advisor we felt would be able to achieve the best result for us. We were very pleased with the outcome and the way Ashcombe facilitated what proved to be a complex deal in such a way that it delivered for all the parties involved.”
In the past five years, Ashcombe has worked on more than 40 financial services transactions with a combined value of approximately £6.3bn.