Fintex Capital kickstarts 2024 by providing additional mezzanine finance to ThinCats
Fintex Capital kickstarts 2024 by providing additional mezzanine finance to ThinCats
- Fintex Capital and ThinCats expand their funding relationship
- This takes Fintex Capital’s mezzanine funding for ThinCats now up to £12 million
- The firms’ funding partnership, in place since COVID-19, has supported more than 70 mid-size UK businesses with c. £250m in debt facilities
London, 22 January 2024: Fintex Capital, the innovative investment firm specialising in private debt, has expanded its mezzanine financing for ThinCats, the leading alternative provider of business loans to mid-sized UK businesses.
As part of this transaction, Fintex Capital made a further £5 million available to ThinCats, taking its total mezzanine exposure up to £12 million. This is financed by Fintex Specialty Finance UK, the firm’s flagship discretionary investment fund.
ThinCats continues to successfully provide vital funds to medium-sized business across all sectors to support their growth ambitions.
Robert Stafler, CEO of Fintex Capital, said: “This transaction is testament to the strength of our relationship and the alignment of values we share. We’re delighted to continue supporting credit-worthy mid-size businesses with loans expertly underwritten by ThinCats. Their borrowers deserve the flexibility and swift decision-making ThinCats affords to them. 2024 is set to be a difficult year for many and it is great to kickstart the year by increasing our support for mid-size UK businesses, the lifeblood of the UK economy.”
Ravi Anand, Managing Director of ThinCats, said: “Fintex continues to be a reliable partner we enjoy working with. Having started our funding partnership in the midst of the COVID-19 pandemic, it is nice to see their commitment grow. This funding line continues to have a meaningful impact and goes a long way in helping business owners to continue to make a valuable contribution to our economy.”
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Notes to Editors:
*Business population estimates for the UK and regions 2023
About:
Fintex Capital (www.fintexcap.com) is an innovative investment firm in private debt. Since 2016, the firm has provided in excess of £300 million in private debt capital to the market, principally providing senior and mezzanine debt facilities to lending businesses and portfolio owners. Fintex manages discretionary investment funds for select Family Offices and segregated managed accounts for a variety of institutions. The firm leverages technology and designs systems to manage and monitor risk and cashflows. The team of 14 professionals combines traditional credit with 21st century analytics with an emphasis on transparency, data clarity and digital convenience.
ThinCats (www.thincats.com) is an established alternative lender dedicated to funding mid-sized SMEs with business loans from £1m up to £15m using pioneering data, personal relationships and a pragmatic lending process. ThinCats’ progressive approach has already enabled SMEs to borrow more than £1 billion. ThinCats is the trading name of a group of companies owned by ESF Capital Limited. ThinCats announced today that it was approved by the British Business Bank as an accredited lender under RLS.
Media Contact:
Gabrielle O’Gara
GC Communications
Tel: 07818 240 343
gabrielle@ogaramedia.co.uk
Contact
Adam Marks
adam.marks@fintexcap.com
+44 203 008 6873
