Dechert LLP acted as legal advisor to Nicholas Financial, Inc. in its acquisition of substantially all of the assets of ML Credit Group, LLC, also known as Metrolina Credit Company. This transaction will add over 3,000 accounts and over $22 million in net receivables for Nicholas Financial.
Nicholas Financial provides direct consumer loans and purchases installment sales contracts from automobile dealers for used cars and light trucks. The company operates a network of more than 50 locations across the U.S. Metrolina Credit Company provides financing for automobile purchases in North Carolina and South Carolina.
The Dechert team advising Nicholas Financial included corporate partners Derek Winokur and Michael Darby, as well as associates Emily Standen and Francesco Salpietro; finance partners Malcolm Dorris and Andrew Pontano, and associate William Luciani; tax partner Josh Milgrim and associate Mansi Seth; employee benefits & executive compensation partner David Jones and associates Ellie Kang and Lany Villalobos; labor counsel Ian Downes and associate Rhiannon DiClemente, environmental partner Abbi Cohen; and real estate special counsel Francois Quintard-Morenas.
About Dechert
Dechert is a leading global law firm with 26 offices around the world. We advise on matters and transactions of the greatest complexity, bringing energy, creativity and efficient management of legal issues to deliver commercial and practical advice for clients.
Related Professionals
