Fintex Capital has expanded its funding partnership with different enterprise lender ThinCats by offering an extra £5m in mezzanine finance.
This brings the non-public debt investor’s complete mezzanine publicity with ThinCats as much as £12m.
It’s financed by Fintex Specialty Finance UK, the agency’s flagship discretionary funding fund.
Learn extra: Fintex Capital hires ex-Anglo chief Tony Trahar as strategic adviser
Fintex Capital has partnered with ThinCats for the reason that pandemic, supporting greater than 70 mid-size UK companies with round £250m in debt services.
“This transaction is testomony to the power of our relationship and the alignment of values we share,” stated Robert Stafler, chief govt of Fintex Capital.
“We’re delighted to proceed supporting credit-worthy mid-size companies with loans expertly underwritten by ThinCats. Their debtors deserve the pliability and swift decision-making ThinCats affords them. 2024 is about to be a tough yr for a lot of and it’s nice to kickstart the yr by rising our assist for mid-size UK companies, the lifeblood of the UK financial system.”
Learn extra: ThinCats secures £696m funding line with assist from British Enterprise Financial institution
Ravi Anand, managing director of ThinCats, added: “Fintex Capital continues to be a dependable accomplice we get pleasure from working with. Having began our funding partnership within the midst of the Covid-19 pandemic, it’s good to see its dedication develop. This funding line continues to have a significant impression and goes a good distance in serving to enterprise homeowners to proceed to make a beneficial contribution to our financial system.”
ThinCats is the buying and selling title of a gaggle of corporations owned by ESF Capital. ThinCats introduced at present that it was accredited by the British Enterprise Financial institution as an accredited lender underneath the newest iteration of the Restoration Mortgage Scheme.