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Burges Salmon advises Hodge Bank on acquisition of Blue Motor Finance business

Picture of Emily Scaife

We have advised Hodge Bank on its acquisition of the business and certain assets of Blue Motor Finance Limited through a pre-pack Administration process.

The acquisition completed immediately following the appointment of Simon Edel, Alan Hudson and Richard Barker of EY Parthenon as Joint Administrators of Blue Motor Finance Limited.

The transaction enables the business, operations and employees of Blue Motor Finance Limited, a provider of essential used car finance to consumers across the credit spectrum, to transfer to Hodge MF Limited. Importantly, the transaction protects approximately 180 jobs and ensures continuity for over 100,000 customers.

“We are pleased to have advised Hodge Bank on this significant transaction. Drawing on expertise from across our Financial Services sector team we supported the bank in delivering a complex transaction to a challenging timetable. We wish Hodge Bank every success as it takes the business forward.”

Emily Scaife, Partner at Burges Salmon

“This has been a fast moving and complex transaction, and Burges Salmon have been a critical part of the team, providing expert advice throughout to enable it to move forward at pace.”

John Tamplin, Head of Motor at Hodge Bank

Our team was led by partner Emily Scaife with support from key team members: Christy Baker, Matthew Kaltsas-Walker, James Green, Alistair Rattray, Alice Leech and Sarah Morgan.

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