LGB Capital Markets has arranged a £20 million medium term note (MTN) programme for Simply Asset Finance, a private equity backed specialist asset finance provider.
Simply Asset Finance is a specialist UK asset finance provider. It offers finance products as a secured lender to SMEs to fund the purchase of business-critical equipment and to free up working capital. The group was established in April 2017 by a team of asset finance specialists in response to the need for innovation and disruption in the sector. It is a portfolio company of Cabot Square Capital, a private equity investor in UK specialist lending businesses.
LGB completed the establishment of the MTN programme and a first issue of notes under it in March 2020. The programme will provide additional capital to support the growth of the group’s lending activities.
“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.”
Stefan Wolvaardt, Chief Financial Officer of Simply Asset Finance
