MBO at Anglo Scottish Asset Finance

DURHAM-based Anglo Scottish Asset Finance has completed an MBO backed by a consortium of UK-based funders, the company’s original founding directors, wider management team, existing employees, and contractual agents. 

Founded in 2007, Anglo Scottish quickly established its name in the finance brokerage sector. In 2015, the company was acquired by McMillan Shakespeare Group, a publicly listed Australian company seeking an appropriate acquirer for its UK operations following a strategic view to exit the UK and focus on its core capabilities down under.

The MBO will result in an expansion of the company’s presence in the UK as it aims to develop a new funding option for customers while establishing new partnerships, joint ventures and strengthening relationships with current funding partners. 

Glasgow leasing broker Fleet Alliance is one of its customers, referring asset finance requests from its own clients to Anglo Scottish Asset Finance for funding and completion.

The broker recently became a BVRLA accredited leasing broker.