Hitachi Capital UK has swooped for a specialist financial services provider to the franchising industry which has completed more than 700 deals across the UK over the past five years.
Franchise Finance is based in High Wycombe and operates UK-wide with more than 140 franchisors and their franchisees.
It specialises in the hotel, leisure, business services, personal services (such as fitness and domiciliary care) and transport sectors. Over the last five years, the company has completed more than 700 deals, worth more than £32m.
The acquisition of Franchise Finance boosts Hitachi Capital UK’s lending base to SMEs and franchisees, and brings senior consultancy experience to the group.
The will also help the business to diversify its offering, by utilising Franchise Finance’s expertise in business planning and training within the SME marketplace, to create a new product offering amongst a wider UK audience.
Robert Gordon, chief executive of Hitachi Capital UK, said: “Franchise Finance Ltd is a natural fit for Hitachi Capital UK. With a strong market share and a well-established business training offering, the deal provides a real opportunity to enhance our offering to both existing and new customers.
“This acquisition enables us to grow and diversify our business further, reaching new customers within a franchise market that is consistently providing growth opportunities. We’re excited to bring the team into the Hitachi Capital UK group and use their expertise to accelerate our growth within the SME market.”
Stuart Walsh, managing director of Franchise Finance, added: “Hitachi Capital UK is a highly respected company, with which we share a common culture of integrity and dedication to excellent customer service.
“This deal will enable Franchise Finance to grow the reach and value of the fantastic expertise we have in the franchise market, providing Hitachi Capital UK’s current and prospective customers with specialist knowledge and funding that could prove crucial to their business or franchise success.”
Hitachi Capital (UK) PLC has more than 1,200 employees, nearly £5bn of assets and about one million customers across its five business units; consumer finance, vehicle solutions, business finance, invoice finance and European vendor solutions.
Source: Insider Media