Ansbacher & Co Limited (London) has acquired US$41 million of the super-yacht finance portfolio from debis Financial Services, Inc. of the USA and DaimlerChrysler Capital Services (debis) Australia Pty. Ltd.
The addition of this new portfolio will further enhance Ansbacher’s status as one of the world’s leading financiers in this specialist market. The portfolio covers loans ranging from US$2m to US$12m for yachts owned by high net worth clients in North, Central and South America, as well as Australia.
Ken Griggs, Ansbacher’s head of specialist lending, commented on the transfer: “We are delighted to have taken over these loans from debis. The company has an excellent
reputation in the world of international finance, and we are confident that we will be able to sustain and uphold the high standards of customer service that they have set.”
The Ansbacher Group also includes Sarnia Yachts and the two firms are well known and very well established in the yacht finance and administration world. Ansbacher was advised by shipping finance partner Tony Rice of City law firm Denton Wilde Sapte and by Hadley Roe of Seward & Kissel LLP in New York. debis was advised by Leo Chang of the New York office of Watson Farley & Williams.