Hire Purchase Information DAC

Credit bureau and business information company CRIF has acquired 73 per cent control of Irish motor finance checks specialist Hire Purchase Information (HPI) for an undisclosed sum from several banks and finance companies.

Founded in 1948, HPI holds a register of financed assets, with a focus on motor vehicles subject to hire purchase agreements and other forms of lending. It represents a unique point of access to records contributed by a number of participants, including AIB, Bank of Ireland and Ulster Bank, all of whom are also shareholders.

CRIF has been operating in the UK and in the Republic of Ireland for many years, supporting financial institutions, insurance companies, businesses and other organisations with its decision support systems, analytics, and software solutions. Following its acquisition in 2018 of Vision-Net, a leading provider of business information based in Dublin, CRIF provides access to credit reports and business information on every company in Ireland and the UK.

The deal represents an important step in the consolidation of CRIF’s presence in Ireland.

Philip Lee, led by Jonathan Kelly and Inez Cullen, acted for HPI on this transaction.

 

Key Contacts

Key Contacts

 

News and insights

Regulation of foreign investment in Ireland

Regulation of foreign investment in Ireland

Key Contact: Ronan Dunne - Partner Partner and head of EU and competition, Ronan Dunne, was pleased to contribute a practice note to Thomson Reuters Practical Law setting out the proposed legal regime for governing foreign investment in Ireland once the Screening of...

read more
Carbon credit rights under the Paris Agreement

Carbon credit rights under the Paris Agreement

Key Contact: Lev Gantly - Partner Partner and head of energy, Lev Gantly, was pleased to contribute to the recent paper published by Gold Standard Foundation and Ernst & Young which provides an in-depth analysis on the implications of the market mechanisms under...

read more
Share This