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Equipment Finance News Investment funds acquire Haydock Finance Published: 15th December 2017 Share Investment funds managed by affiliates of Apollo Global Management have acquired a majority shareholding in Haydock Finance. Established in 1980, Haydock is one of the largest independent finance companies in the UK, offering hire purchase and finance lease funding to business customers nationwide. It has gross receivables of more than £125 million and provides asset finance for business assets including buses, coaches, industrial plant and machinery, trucks, trailers, commercial vehicles, cranes, agricultural equipment, machine tools and renewables. The existing management team, led by Jon Wilkinson, executive chairman, Steve Worrall, managing director and Ian Barr, credit and risk director, will continue to run the business. With investment support from Apollo, the team aims to grow market share within current and new markets. Wilkinson said: “This is a tremendously exciting development for Haydock, a company that has been successfully built over a 37-year period from its base in Blackburn. “Apollo is a leading global alternative investment manager and I believe working together with them offers huge potential for our existing and future introducers and business customers.” Apollo Global Management is a global alternative investment manager with a global network of offices and total assets under management of $242 billion. Asset Finance Connect Asset Finance Connect brings you news and updates about UK and European auto, equipment and asset finance providers. Sign up to our newsletter Featured Stories NewsUS equipment finance confidence hits three-year high NewsAlba Leasing and Banca Sistema announce partnership NewsDLL and Kempower partner to drive EV charging accessibility Equipment Finance
