Promethean Investments has acquired a stake in UK motor finance broker DSG Finance, subject to Financial Conduct Authority (FCA) approval.
Although no details of the agreement have been made available, Angus Burt, Promethean investments partner, said: "We have identified DSG as the sector leader in promoting compliance and technology to aid motor dealers in maximising their finance opportunity. We are delighted to take a key role in taking the business to the next level over the forthcoming years."
Richard Hoggart, DSG managing director, said: "Our partnership with Promethean will allow us to make further progress in becoming a truly formidable independent finance provider. We will utilise the investment in the development of new initiatives that complement our existing product portfolio, increased IT innovation and to deliver ground breaking service to our dealers."
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData