Ashcombe Advisers is pleased to announce that it has advised Non-Standard Finance plc ("NSF") on its acquisition of George Banco, a leading guaranteed loans provider.
Having launched in April 2014, George Banco has grown rapidly to become the number two player in the UK's growing guaranteed loans market, with a total net loan book of approximately £30m.
Commenting on the acquisition, Miles Cresswell-Turner, NSF's Group Executive Director said: "The acquisition of George Banco puts NSF as the clear number two in the guaranteed loans sector. George Banco complements our existing TrustTwo brand and provides us an opportunity to grow even faster. As usual we were able to rely on the support and sector expertise of Ashcombe to help execute this transaction".
Since 2014, Ashcombe has worked on 29 financial services transactions with a combined value of approximately £4bn.