LGB Corporate Finance, a UK fintech that provides capital markets and M&A advisory services to companies, entrepreneurs, and financial sponsors, announced on Monday it has arranged a £20 million Medium Term Note (MTN) program for Simply Asset Finance, a private equity-backed specialist asset finance provider.
Established in 2017, Simply Asset Finance is described as a specialist UK asset finance provider that offers financial products as a secured lender to SMEs to fund the purchase of business-critical equipment and to free up working capital. It is a portfolio company of Cabot Square Capital, a leading private equity investor in UK specialist lending businesses. The company has a panel of supportive funders including the British Business Bank, Citibank, Aldermore Bank, and Hitachi Capital Business Finance.
LGB reported it completed the establishment of the Simply MTN program and the first issue of notes of £4 million under it in March 2020. The program will provide additional capital to support the growth of the group’s lending activities. Speaking about the program, Stefan Wolvaardt, Chief Financial Officer of Simply Asset Finance, stated:
“The LGB & Co. team provided a responsive, quick and knowledgeable service. Coupled with a deep and broad investor base, this allowed us to complete our inaugural transaction on time and budget. I very much look forward to working with them in the future.”
Angus Grierson, Managing Director LGB Corporate Finance, added:
“We are very pleased to have been able to establish this program for Simply Asset Finance, which is a key player in supporting British business at this critical time.”
Founded in 2005, LGB & Co.’s claims its corporate finance and investment services enable its clients to succeed.
“Through LGB Corporate Finance we deliver financing and M&A transactions that accelerate growth, create value and meet our clients’ strategic objectives. LGB Investments provides access to proprietary investment opportunities and combines debt and equity investment to meet investor demand for income, capital gains and downside protection.”