KAUPTHING SINGER & FRIEDLANDER LIMITED ENTERED
ADMINISTRATION ON 8 OCTOBER 2008
This site provides information on Kaupthing Singer &
Friedlander Limited (In Administration) and the position of its
component businesses including those not in administration which
are actively trading and those which have been sold.
Joint Administrators of Kaupthing Singer &
Friedlander Limited from Ernst & Young sell the asset finance
division, Singers Asset Finance, to Shawbrook Bank
Limited
London, 22 March 2012. The Joint Administrators of
Kaupthing Singer & Friedlander Limited ("KSF"), Patrick
Brazzill, Maggie Mills, Tom Burton and Alan Bloom of Ernst &
Young, are pleased to announce that on 22 March 2012 they completed
the share sale of Singers Asset Finance Holdings Limited and its
subsidiary companies ("SAF") to Shawbrook Bank Limited.
The sale has resulted in the repayment of SAF's debt due to KSF
in its entirety and the equity stake held by KSF being realised for
a premium.
Patrick Brazzill, of Ernst & Young, the Joint Administrator
of KSF, commented: "The achievement of the sale represents the
realisation of a material asset of KSF and represents an excellent
return to the KSF estate and, ultimately, for creditors. The
Joint Administrators would like to thank the staff of SAF for their
hard work in helping to make this happen."
Freshfields Bruckhaus Deringer LLP, solicitors, and Hawkpoint
Partners Limited have advised the Joint Administrators throughout
this transaction.
For further information
Press
enquiries
++44 (0) 121 535 2128
www.shawbrook.co.uk
www.singersaf.co.uk
On 8 October 2008 KSF entered into Administation and ME Mills,
AR Bloom, PJ Brazzill and TM Burton were appointed to act as
Administrators. The appointment was made by the High Court of
Justice Chancery Division, Companies Court on the application of
the Financial Services Authority.
