JBR Capital, the UK’s only independent finance provider dedicated solely to high end vehicle finance, announced today that it has been acquired by an affiliate of Cabot Square Capital, the specialist financial services private equity investor.
JBR Capital offers bespoke specialist finance for new cars, supercars, classic cars and historic cars to private individuals and businesses. Cabot Square plans to invest up to £30 million to fund further growth of the business.
JBR Capital’s co-Founder and chief executive Darren Selig said: “The market for high end vehicles, both modern day and classic, continues to grow.
“There is increasing demand from buyers to obtain flexible bespoke finance in order to fund their purchases, even at large ticket sizes.
“On the supply side, there is a significant gap in the market for a finance provider with specialist sector knowledge.
Dan Rosenberg, investment director at Cabot Square, said: “Customer service in the high end vehicle finance market has been lacking.
“JBR Capital is well positioned given its strong distribution relationships, its unique service offering and its holistic, risk-based approach to credit underwriting.
“We are excited to be working with Darren and the rest of the management team and look forward to building the market leader in high end vehicle finance.”