July 14, 2024
News

Shawbrook acquires motor finance lender JBR Auto Holdings

Shawbrook, a UK-based retail and commercial bank, has agreed to acquire JBR Auto Holdings, a specialist motor finance lender known for financing high-end vehicles.  

Financial specifics and other terms of the transaction were not disclosed.  

Established in 2015 by Darren Selig, JBR specialises in providing specialist finance to private individuals and businesses. 

Backed by private equity investor Cabot Square Capital, the company offers finance for a range of high-end vehicles, including brands such as Aston Martin, Lamborghini, Audi, BMW, and Rolls-Royce, as well as supercars, classic, modern day and historic cars.  

The London-headquartered company had loaned more than £1bn ($1.2bn) by 2022. 

JBR’s acquisition is expected to help Shawbrook in expanding its existing offerings within the regulated motor finance industry. 

In addition, this acquisition is set to bolster Shawbrook’s efforts to delivering premium finance solutions to its customers. 

JBR founder and chief commercial officer Darren Selig said: “We are excited for JBR to be joining Shawbrook where we can leverage its established platform and resources to further enhance our customer proposition and serve more customers in our segment of the market.  

“It allows us to combine JBR’s specialist expertise with Shawbrook’s broader capabilities, creating a truly unique offering for our clients in the high-end motor finance market.” 

Stephens served as the exclusive financial advisor to JBR throughout the sale process. 

Shawbrook Marcelino CEO Castrillo added: “Aligning the business to Shawbrook’s ‘best of both’ approach, combining technology with deep human expertise, this acquisition will help us to extend the JBR proposition to more customers who value a premium experience, flexibility, and certainty when securing finance for their high-end vehicles.” 

The transaction is anticipated to be finalised in the third quarter of the year.


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