Alantra advises Secure Trust Bank on the sale of its Consumer Vehicle Finance business to LCM Partners
SECTORFIG
ServiceM&A
London – Alantra has acted as the sole financial advisor to Secure Trust Bank PLC (“Secure Trust Bank” or “STB”) alongside Eversheds Sutherland acting as legal advisor on the sale of its Consumer Vehicle Finance business. The transaction represents an important milestone in STB’s strategic shift away from the sector, following the cessation of new lending and the planned run-off of its existing book.
The transaction includes the transfer of STB’s approximately £450 million portfolio of consumer vehicle finance loans, the Moneyway brand, and other assets associated with the business franchise, to funds managed by LCM Partners (“LCM”).
Secure Trust Bank is a UK-listed banking institution focused on consumer retail finance, secured property and assets-based lending to businesses, and retail deposit taking.
LCM is a leading European alternative investment fund manager that has been investing in credit for more than 25 years, with a focus on long-term partnerships with European financial institutions.
Alantra designed a tailored process that engaged both strategic and financial investors, alongside asset backed financiers and credit servicers, while navigating STB’s priorities across business migration and ongoing regulatory considerations.
Ian Corfield, Secure Trust Bank CEO, said: “We took care in selecting Alantra as our financial adviser for this transaction. Their thoughtful and balanced advice, deep expertise and disciplined execution were important in achieving an outcome aligned with our strategic priorities.”
Alantra has been a trusted advisor to Secure Trust Bank for a number of years, including advising STB on the sale of its Debt Managers business in 2022.
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