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Cattles has sold its invoice finance division to private equity firm AnaCap Financial Partners for £70m.
Cattles has raised £133m in a share placing and now plans to spend up to £1bn expanding its consumer lending business over the next three years.
Cattles has secured a £500m credit facility to support the expansion of its financial services business.
Cattles has acquired the motor finance loan portfolio of Associates Capital for £56m and the Dial4aloan consumer credit business for £15m, funded by a £80m share placing.
Cattles is planning to open up to 100 consumer credit branches over the next 18 months, taking the total to 550.
Cattles has raised £39m in a share placing and is planning to open a further 40-50 consumer credit branches this year.
Cattles is planning to expand its network of 335 consumer credit branches by opening one a week for three years.
Cattles is planning to open a branch a week this year, as part of a strategy to set up a national network of Shopacheck and Welcome consumer finance outlets.
Cattles is acquiring Lewis, the debt collection agency, for £7.7m.