Accelerated plans for growth for SC Motor Factors Limited

Thomson Snell & Passmore advised SC Motor Factors Limited in relation to a significant private equity investment from HgCapital.

Thomson Snell & Passmore advised SC Motor Factors Limited in connection with a significant private equity investment from HgCapital. The investment enables the company to accelerate its plans for expansion and further strengthen its position within the UK automotive after market sector.

Jeremy Stopher, co-founder and managing director of SC Motor Factors Limited commented:

“The investment by HgCapital in SC Motor Factors Limited is recognition of the great business that we’ve built. SC Motor Factors Limited has gained a strong reputation within the automotive after market and the investment by HgCapital will allow us to build on our success and strengthen and develop our business network further.”

This investment sees SC Motor Factors Limited join HgCapital’s automotive aftermarket investment portfolio. This opportunity allows the portfolio companies to work closer, to share best practice and strengthen the business whilst retaining their own regional identities and work forces.

Although the precise terms of the private equity transaction are confidential, the legal documentation involved dealing with some quite complex issues and difficult negotiation to ensure that our client’s position was adequately protected in different scenarios. We are delighted to have been part of our client’s transaction team and to have worked alongside Baker Tilly Corporate Finance to achieve our client’s objectives and Linklaters who represented HgCapital.

Jeremy Stopher further commented:

“Having the experienced and professional team from Thomson Snell & Passmore on board during the sale definitely added value to the transaction. Their tireless pressure and determination on legal points did not go unnoticed and I will always be grateful for the impact their hard work delivered to achieve the final result.”