Close Brothers is pleased to announce that we have completed the acquisition of Novitas Loans Ltd. The Salisbury-based firm, which is a leading provider of loans to the legal sector, is now part of Close Brothers Invoice Finance and Rentals.
Novitas specialises in providing working capital for law firms and also loans to their clients purchasing specific legal services, from divorce and contested probate to clinical negligence. The firm will retain all of its staff, including the senior management team, and remain based in Salisbury.
We are delighted to welcome Jason and Emma Reeve and their team to Close Brothers and look forward to working with them.
Jason Reeve, managing director of Novitas, commented: “In Close Brothers we have found the right partner to support our firm and allow us to unlock our growth potential. The company’s experience and approach to doing business complements ours and I know our clients will benefit from the stable funding and lending expertise that Close Brothers brings.