JBR Capital under new ownership
Shawbrook Group has agreed to acquire London-based vehicle finance lender JBR Capital and its subsidiary companies.
JBR Capital is the UK’s only independent finance lender dedicated solely to high-end vehicle finance – surpassing £1bn of lending by 2022.
Nayan Kisnadwala, chief executive officer, said:
“We have found a great partner in Shawbrook. We share the objective of offering clients a premium experience, delivered with expertise and flexibility. There is significant potential for JBR Capital to further develop its market share in the sector and the opportunities provided by the Shawbrook platform will enable JBR’s growth trajectory to accelerate, whilst ensuring introducers and clients continue to experience best-in-class service. Our colleagues will also flourish in the larger organisation. This acquisition represents many years of hard work, dedication, and resilience from the JBR Capital team.
“I would also like to thank our departing shareholders, Cabot Square Capital, who saw the potential in the business and who were instrumental in our journey from a broker to lender.”
Tarun Sharma, Partner, Cabot Square, said: “It has been a privilege to partner with Nayan and the wider JBR team. We are delighted with the progress JBR has made under our ownership and are confident JBR will continue to thrive as part of Shawbrook. We wish the company the very best as they look forward to continuing their exciting journey with Shawbrook, significantly expanding their horizons and unlocking the vast potential of the business.”
