PCF Bank is shortly to acquire 100% of Azule Finance.
Azule Finance is the biggest specialist supplier of finance to the Broadcast, TV, AV, Sound and Lighting industries.
The acquisition is subject to regulatory approval by the FCA which is expected shortly.
Peter Savage,Azule CEO said. ”we are delighted to become part of larger group which will propel the business into the next phase of growth, it will be business as usual with enhanced capability and flexibility via access to PCF’s retail deposits. This will not only consolidate our position as Europe’s predominant supplier of Broadcast and Media Finance but enable us to improve our offering to the customers, dealers and manufacturers. ”
PCF Group is the AIM‐quoted parent of specialist bank, PCF Bank Limited. Currently PCF Bank offers Consumer Finance to motor vehicle consumers and Business Finance for vehicles, plant and machinery to SME’s.
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