Ashcombe Advisers is pleased to announce that it has advised Castle Trust Capital plc on its acquisition of Omni Capital Retail Finance ("OCRF"), a leading retail point-of-sale finance provider.
OCRF provides finance primarily for online retail transactions to prime borrowers across six main sectors. The company works with a large number of retailers which can generate incremental revenues with minimimal technological integration using an intuitive and easy to understand customer journey.
Sean Oldfield, CEO of Castle Trust, said:
"The Omni Capital Retail Finance business is an excellent opportunity to acquire a business that provides online retail point of sale finance. Its portfolio of retailers creates a unique franchise in the market. The business being acquired has an experienced management team with extensive experience in the online retail point of sale sector. The Ashcombe team provided high-quality support throughout this transaction."
Since 2014, Ashcombe has worked on 24 financial services transactions with a combined value of approximately £4bn.