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Shawbrook acquires JBR Capital

Shawbrook Group plc has completed its acquisition of specialist automotive finance provider JBR Capital, for an undisclosed amount. The deal, which positions the company for expansion within the luxury, hypercar, and supercar finance sectors, was finalised on 30 September 2024. As part of its growth strategy, JBR Capital will raise its maximum lending amount to £2 million per vehicle or customer. The acquisition will enable JBR Capital to enhance its lending operations.

Source: Pharmaceutical Technology

EIB provides $111m to boost Polish SMEs and green initiatives

The European Investment Bank (EIB) has agreed to lend €100m ($111.62m) to SG Equipment Leasing Polska (SGEF Poland) to bolster small and medium-sized enterprises (SMEs) in Poland. The move is set to unlock a total of €200m in new loans, with a significant portion earmarked for climate action and sustainable development. At least 20% of the funds provided by the EIB will be dedicated to environmental initiatives.

Source: Pharmaceutical Technology

German financing partner Grenke expands operations in US

German financing partner for small and medium-sized enterprises (SMEs) GRENKE has opened its second US location in Chicago, Illinois. This expansion is set to cater to the Central, North, and Southeast regions of the US, complementing the company’s existing presence in Phoenix, Arizona. For the current year, Grenke aims to generate new business within the mid-single-digit million Euro range.

Source: Pharmaceutical Technology

UniCredit Leasing Romania secures €70m loan from EBRD

UniCredit Leasing Corporation IFN S.A., Romania’s largest leasing company, has received approval for a senior loan of up to €70 million from the European Bank for Reconstruction and Development (EBRD). This financing is part of the Financial Intermediary Framework (FIF) and will provide leases to small and medium-sized enterprises (SMEs) across Romania. The EBRD said the loan will support UniCredit Leasing’s efforts to expand its SME portfolio, focusing on enhancing competitiveness and ensuring the resilience of its leasing practices.

Source: Pharmaceutical Technology