Shawbrook Group plc has completed its acquisition of specialist automotive finance provider JBR Capital, for an undisclosed amount.
The deal, which positions the company for expansion within the luxury, hypercar, and supercar finance sectors, was finalised on 30 September 2024.
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The acquisition will enable JBR Capital to enhance its lending operations and customer service offerings.
As part of its growth strategy, JBR Capital will raise its maximum lending amount to £2 million per vehicle or customer. The company also said it plans to cut loan approval times to as little as four hours, while continuing to leverage its deep expertise in high-end vehicles.
Darren Selig, Founder and Chief Commercial Officer of JBR Capital, highlighted the benefits of the acquisition, stating, “Shawbrook’s resources will allow us to elevate our customer service and product offering. With over £15 billion in customer deposits, Shawbrook’s backing enables us to respond to customer needs more quickly and comprehensively than ever before.”
Both Shawbrook and JBR Capital emphasised their shared commitment to delivering top-tier customer service. Shawbrook’s “best of both” approach combines technology with human expertise to streamline loan approvals while maintaining JBR Capital’s reputation for personalised service and in-depth knowledge of the luxury automotive market.
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By GlobalDataShawbrook’s CEO, Marcelino Castrillo, praised JBR Capital’s market expertise, noting, “This acquisition allows us to extend JBR’s premium offering to more customers who prioritise flexibility and certainty when securing finance for their high-end vehicles.”
The acquisition is expected to bolster JBR Capital’s position in the competitive luxury car finance market, enabling the company to serve a broader customer base with enhanced service levels and expanded lending capabilities.
