• In June 2008, Hitachi Capital (UK) PLC agreed to acquire London Scottish Invoice Finance (“LSIF”) for approximately £28.5 million, comprising £9 million for the equity and circa £19.5 million to repay inter-company loans
• LSIF was established in 1991 (under the name Isis Factors) by the current Managing Director and was acquired by London Scottish Bank in 1998 to form its invoice discounting and factoring arm
• The sale was part of the strategic refocusing of the parent bank

“London Scottish Invoice Finance is a proven business with a highly regarded management team. The business is an excellent fit with our existing operations and we look forward to working with the team to progress plans for its further development.”
David Anthony, Group Chief Executive of Hitachi Capital (UK) PLC

• Asgard Partners acted as sole financial adviser to Hitachi Capital (UK) PLC

Please click here for the press release