CG Capital Ltd, the London based
intermodal leasing and finance specialist, has signed a strategic
alliance with London Asset Finance Ltd, a well known UK transport
asset finance arranger specialising in the sub £1 million
deal sector.
Due to the demand for the finance
of deals throughout the intermodal industry; CG Capital and
London Asset Finance have joined together to form a new division
of CG Capital called CG Asset Finance with the aim to target
UK transactions of less than £1 million.
Rob Hawking, Marketing Director at
CG Capital explains; “This is an important development
for CG Capital as it is a further step in fulfilling our aim
to be able to efficiently and successfully cover the full spectrum
of our customers’ financing needs. London Asset Finance
Ltd is our perfect partner in this sector as they have the experience
to act speedily in order to close and fund deals in this sector.”
Mark Stephens, Chief Executive of
London Asset Finance says “It is important to have all
the required skill sets covered. The amalgamation of skills
and contacts in the two companies, CG Capital and London Asset
Finance, along with the people who work within those companies
generates the ability to fund and transact deals of all sizes.
The aim is for CG Asset Finance to provide a full complement
of products for clients where we will be able to satisfy all
the finance needs no matter what the request.”
CG Capital Ltd will now be able to
focus on all UK transactions as well as deals between $250,000
and $100,000,000 in Europe, North America and Asia.
CG Asset Finance will specialise
in UK transactions between £40,000 and £500,000
in containers, tank containers, road tankers, trailers and trucks.
