CarMoney acquired by Japanese group
ITOCHU Corporation has completed the acquisition of CarMoney, following approval from the Financial Conduct Authority (FCA).
The deal, for an undisclosed sum, sees the Motherwell-based car finance broker become part of the ITOCHU Group, while continuing to operate as an independent business.
Founded in 2016 by Peter Vardy, CarMoney now aims to expand further across the UK and internationally. The existing management team will remain in place following the acquisition.
The firm brokered a record £309m in loans, delivered £33... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
