FIVE ARROWS LEASING GROUP TO BE BOUGHT BY PARAGON BANK PLC

Five Arrows Leasing Group (FALG), which includes the media and technology financing division Five Arrows Media Finance, will be sold by Rothschild & Co to Paragon Bank PLC which is party of The Paragon Group of Companies PLC, a FTSE 250 listed organisation, for £117 million. The transaction is expected to complete by 3 November 2015.

The sale is in line with Rothschild & Cos strategy to focus on its core businesses.

Gareth Wilding, Managing Director, Five Arrows Media Finance, said, Over the last 20 year Rothschild has developed Five Arrows Leasing into a group of highly successful specialist businesses. Paragon Bank is making a key investment in an area that it is keen to develop, and we are excited about how they can help us to maximize our growth potential. Our clients will benefit from our new status as part of a listed organisation, enabling us to offer greater access to funding, but we will of course maintain the high levels of personal service that they have come to expect from us.

Five Arrows Media Finance will continue to operate business as usual, with no rationalisation of staff and no immediate changes to procedure for clients. The company will rebrand in due course since the Five Arrows name is not included in the sale.

About Five Arrows Media Finance

When it comes to finance, media companies have unique demands. Speed and flexibility, of course, but also the need to work with people who understand their business and its particular requirements. With over 20 years experience of the sector, Five Arrows Media Finance brings that understanding. We know the industry and we know the technology. From a freelance operator who needs the latest HD camera to a major broadcaster planning a new studio build, we can develop a tailored financial package that maximises benefits and minimises costs. A wide range of clients including production companies, recording studios, Outside Broadcast providers, post production facilities houses and advertising agencies as well as corporate, educational and government organisations - trust us to deliver effective solutions. More than that, they know well work hard to develop a long-term partnership built on trust, openness and excellent results.

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About Paragon Group

The Paragon Group of Companies PLC is a leading UK specialist buy-to-let lender and consumer finance group. It is a FTSE 250 company with over £10 billion of assets and has serviced over 1.5 million customers. Paragon Bank PLC is a wholly owned subsidiary of The Paragon Group of Companies.

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