Fintex provides landmark £20M loan to UK Education Group
Fintex Capital provides landmark £20M debt facility to UK Education Group
- Fintex Capital’s largest UK debt facility to date
- Senior loan, secured on the borrower’s operating business and its sizeable portfolio of Freehold assets valued in excess of £60 million
- Facility fully refinances existing debt from a UK high street bank
London, 16 July 2024. Fintex Capital, the innovative investment firm specialising in Private Debt, announces the completion of a c. £20 million asset-backed debt facility to one of the largest operators in UK Education.
Secured on UK freehold assets valued at more than £60 million, this 3-year facility benefits from unusually low loan-to-value ratios. The borrower’s business is asset rich and profitable, and Fintex has taken security over all of the group’s operations and its property assets. This term loan refinances all existing debt from a UK high street bank. It also provides working capital to the group’s profitable business and capex support for its sizeable estate.
Largest UK debt facility ever for Fintex Capital
The transaction was funded by Fintex Capital’s flagship fund, Fintex Private Debt. This landmark transaction is the largest UK debt facility Fintex has provided in its successful 6-year history.
Robert Stafler, Fintex CEO, said: “This landmark loan showcases our firm’s capability in executing complex direct lending transactions. We faced stiff competition from other lenders, and I am pleased our borrower recognised how reliable and committed a partner we are. Over the past 6 years, our firm has made an excellent name for itself as a sophisticated, reliable UK lender with proven capabilities in complex transactions, across Real Estate and Specialty Finance. This facility illustrates our commitment to supporting our clients’ growth, and also shows our ambition in delivering on our own growth targets.”
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About
Fintex Capital (www.fintexcap.com) is a pioneering investment firm specialising in private debt. Since inception, Fintex provided more than £350M in private debt across Real Estate and Specialty Finance. Fintex Capital is well known in the UK for providing senior and mezzanine debt facilities to lending businesses. In addition, Fintex provides direct lending to asset-backed businesses and property owners. The firm manages discretionary investment funds as well as segregated managed accounts for a variety of institutions. Fintex leverages technology to manage and monitor risk and cashflows, integrating traditional credit expertise with innovative analytics to achieve transparency, data clarity and operational efficiency.
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Gabrielle O’Gara
GC Communications
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Contact
Adam Marks
adam.marks@fintexcap.com
+44 203 008 6873
