Walker Morris advises Welcome Financial Services on sale of Shopacheck to Rcapital

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10/03/2014

Lawyers at Walker Morris have advised Welcome Financial Services Limited (a wholly owned subsidiary of Cattles Limited) on the sale of Shopacheck Financial Services Limited to Rcapital Limited, the London based private investment company.

Shopacheck carries on the second largest home collected credit business in the UK and the deal will see Shopacheck merge with Rcapital’s existing home collected credit business, Morses Club Limited. The revenue of the newly formed business is expected to be in the region of £80m.

The team included corporate lawyer Oliver Duke, regulatory led by Jeanette Burgess and employment Andrew Rayment.

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