Monday 20th Sep 2021
Hitachi Capital European Vendor Solutions To Rebrand Next Year
20 September 2021: Hitachi Capital European Vendor Solutions, a division of Hitachi Capital (UK) PLC, today announced that it will rebrand under the new trading style of Mitsubishi HC Capital UK within the UK and its Netherlands subsidiary, Mitsubishi HC Capital Europe B.V. will be known as Mitsubishi HC Capital Europe in the wider market.
The rebrand will be fully implemented by April next year when Hitachi Capital (UK) PLC changes its legal name to Mitsubishi HC Capital UK PLC. This follows the merger earlier in 2021of Mitsubishi UFJ Lease and Finance Company Limited and Hitachi Capital Corporation to form the global financial powerhouse Mitsubishi HC Capital Inc.
Starting to trade under the Mitsubishi HC Capital brand in market is a significant move for the company and marks the start of an exciting new era as the business accelerates its growth plans under its new parent company.
“Our promise to deliver innovative finance solutions and outstanding customer experiences which unlock the potential of manufacturers and their distribution networks throughout the whole product lifecycle remains the same under our new brand,” said Dilek Mackenzie, Managing Director.
“As one of the leading providers of bespoke finance solutions for specialist assets across the UK and Europe, our new simplified trading style reflects how we see our future.
“Our new shared name with our parent company, echoes who we are now and holds more relevance in the markets we operate in.”
The backing of Mitsubishi HC Capital Inc. will provide Mitsubishi HC Capital UK and Mitsubishi HC Capital Europe with the same long term credit rating from S&P of A-. The business moves into the transition in a strong position after 8 years of growth, building its products, capacity and expertise in the UK and in 22 countries across Europe.
Notes to Editors:
Mitsubishi HC Capital UK is a trading style of Mitsubishi HC Capital UK PLC and Mitsubishi HC Capital Europe is a trading style of Mitsubishi HC Capital Europe B.V.
Hitachi Capital European Vendor Solutions B.V.. a subsidiary of Hitachi Capital (UK) PLC, will change name to Mitsubishi HC Capital Europe B.V.
About Hitachi Capital (UK) PLC
Hitachi Capital (UK) Plc is a leading financial services company, authorised and regulated by the Financial Conduct Authority (FCA). We have over 1,500 employees, £5.9bn of net earning assets and over 1.3 million customers across five business divisions; Consumer Finance, Vehicle Solutions, Business Finance, Invoice Finance and European Vendor Solutions. For nearly 40 years, Hitachi Capital (UK) PLC has worked with consumers and small to medium enterprises (SMEs) as well as corporate multinationals in the UK and mainland Europe, enabling millions of consumers and businesses to achieve their ambitions.
From 1 April 2021 we became a wholly owned subsidiary of Mitsubishi HC Capital Inc. strengthening our relationship with one of the world's largest and most diversified financial groups.
Hitachi Capital European Vendor Solutions
Hitachi Capital European Vendor Solutions is a division of Hitachi Capital (UK) PLC and Hitachi Capital European Vendor Solutions B.V. is a subsidiary of Hitachi Capital (UK) PLC.
Hitachi Capital European Vendor Solutions provides end to end vendor finance solutions for key shareholders and key accounts and their distribution networks throughout the product lifecycle, including stocking, demonstration equipment, end user and second hand equipment finance.
Hitachi Capital European Vendor Solutions is active in 22 countries with offices in London, Amsterdam, Dublin, Helsinki and Belgium. The business also provides finance to other independent manufacturers throughout Europe looking to offer financing solutions to their distribution network and customers.