Credo Holdings Deal

01/08/2017

Howes Percival acts in Credo Holdings deal

The Howes Percival Corporate teams in Milton Keynes, Cambridge and Norwich have advised the shareholders of Credo Holdings Limited, an independent own book and brokered provider of asset finance, in respect of the sale of their shares to Star Asset Finance Limited (SAFL).

The deal demonstrates Howes Percival’s ability to work across offices to deliver the best service for clients.

Edward Lee, a partner and head of corporate in Milton Keynes, said: “We are riding a particularly high wave in terms of both originating and closing transactions.

“The corporate finance world, although uncertain, seems to be holding firm and UK plc seems to be an attractive investment for overseas funds. We are also seeing significant deal flow from both trade and PE, and especially from overseas clients referred to us by our associate firms in our international network.

“We are also seeing direct referrals from intermediaries and direct approaches from clients based on our international reputation.”

Simon Gray, managing director of Credo commented: “Here at Credo, we are delighted to become part of the SAFL group. This move will allow us to continue supporting customers with our exemplary level of service while providing us with capital to further develop Credo as part of a dedicated and fast-growing UK asset finance group

“We couldn’t be more pleased with our choice of lawyer in the transaction. We will have no hesitation in recommending Howes Percival.

The Howes Percival team included; Edward Lee, Venetia Phipps, Katherine Brown, Nicola Butterworth, Mike Hollis and Charlotte McClean.

Edward Lee further commented: “The almost 20 strong corporate team has a better deal pipeline than last year and the increase in the quality of work reflects the expansion and investment in the team and its growing reputation.”