Cripps has advised Compass Business Finance Limited on its acquisition of the entire issued share capital of Industrial Equipment Finance Limited.

Cripps has advised Compass Business Finance Limited on its acquisition of the entire issued share capital of Industrial Equipment Finance Limited.

The acquisition supports Compass’ continued commitment to the engineering and manufacturing sectors and brings Industrial Equipment Finance’s asset finance, machinery damage and breakdown insurance expertise into the Compass business.

The Cripps corporate team advising Compass on the transaction included Frederick Pawlik, John Kirkwood and Ellen Hughes.

Bruce Nelson of Compass Business Finance commented:

“It’s been a pleasure working with you. Your communication throughout has been excellent as you steered us through the legal vagaries of the SPA and allowed us to make decisions efficiently.”

Frederick Pawlik said of the transaction:

“We were delighted to support Compass on this important project, with the Cripps team delivering the deal to tight timeframes. It is another strong example of our work in the finance and insurance sectors.”