Anglo Scottish Asset Finance completes management buyout

The investment is backed by a consortium of UK-based funders, the company’s original founding directors, wider management team, existing employees, and contractual agents.

Founded in 2007, Anglo Scottish established its name in the finance brokerage sector. In 2015, the company was acquired by McMillan Shakespeare Group, a publicly listed Australian company.

The MBO will result in an expansion of the business’s presence in the UK as Anglo Scottish aims to develop a new funding option for customers while establishing new partnerships, joint ventures and strengthening relationships with current funding partners.

It plans to leverage new technologies and expand its capacity to secure new clients and support partner relationships in the industry.

The company has increased its headcount to 86 after adding three new divisions to the business, with newly employed staff based in Yorkshire, Scotland, Merseyside, London, and Devon.

Additionally, the company brokered over 12,900 deals in the financial year 2022/23.

Managing director David Foster said: “With this continuing growth, we see a huge opportunity to develop a new way of doing business, offering a broker/funder hybrid service to our customers and bringing us closer to our industry partners.