Tue, 23 Mar 2010 | DIVISION SALE
US business lender GMAC Commercial Finance is disposing of its UK loan book as part of preparations to exit the country by the end of this year.
The US financier attracted media attention in 2008 when it, along with other lenders, withdrew its funding from Woolworths, leading to its highly publicised failure.
GMAC has already offloaded most of its UK business loans book, once worth around £250 million, and it has also quit most of its regional bases.
In preparation for closure of its British business, the American finance group is also to relocate to a smaller office from its present headquarters in Brighton.
GMAC, formerly part of the US car group General Motors, offers loans of up to £300 million to medium-sized businesses. It has also been a significant lender to Focus DIY and fashion house Jaeger.
The group's UK residential mortgage subsidiary GMAC RFC has recently ceased to provide new mortgages, and is believed to be seeking a buyer for its remaining mortgage book in the UK.
It has already sold off a substantial portion of its mortgages to other well known lenders including Bradford & Bingley.
Represents an opportunity for an acquirer seeking a three surgery, predominantly private dentistry located in Pembrokeshire.
FREEHOLD
Predominately NHS dental surgery with scope for physical expansion, private growth and extended services.
FREEHOLD
Represents an opportunity for a dental practice acquirer seeking a seven surgery mixed dentistry operating since 1978.
FREEHOLD
|
18
|
|
Apr
|
Household goods retailer Lakeland undergoes a management buyout | MBO/MBI
Windermere-based family-owned household goods retailer, Lake...
|
17
|
|
Apr
|
Manchester tech firm Wakelet bought out of administration | BUSINESS SALE
A Manchester technology company has been bought out of admin...
|
17
|
|
Apr
|
Nutrition company Science in Sports bought by investment firm for £82 million | BUSINESS SALE
Nutrition specialist Science in Sport (SiS) has agreed to be...
|
18
|
|
Apr
|
Household goods retailer Lakeland undergoes a management buyout | MBO/MBI
Windermere-based family-owned household goods retailer, Lake...
|
17
|
|
Apr
|
MGroup set to buy infrastructure peer Telent | BUSINESS SALE
Technology infrastructure giant Telent is set to be acquired...
|
17
|
|
Apr
|
Nutrition company Science in Sports bought by investment firm for £82 million | BUSINESS SALE
Nutrition specialist Science in Sport (SiS) has agreed to be...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.