Slaughter and May advised SAV Credit, the leading independent credit card provider, and Tosca Funding plc, in relation to the purchase of Santander's retail co-brand credit card and point of sale finance business which closed on 10 May.

The purchase involved over 3.5 million customer accounts with more than £1 billion in receivables and leading retailers including Arcadia, Debenhams, House of Fraser and Laura Ashley, amongst others.

CONTACTS

Corporate and Commercial: David Wittmann (partner), Murray Cox (associate), Lucinda Ingram (associate); Financing: Richard Jones (partner), Mark Dwyer (partner), Mike Loan (associate); IP/IT: Rob Sumroy (partner), Edward Keeble (IT/commercial consultant), Jonathan Walters (associate), Charith Saranapala (associate); Financial Regulation: Ben Kingsley (partner), Kristina Locmele (associate); Tax: Graham Iversen (partner)

http://slaughterandmay.com/news-and-recent-work/recent-work/recent-work-items/2013/sav-credit---purchase-of-santanders-retail-co-brand-credit-card-and-point-of-sale-finance-business.aspx