The funding facility will support the managed service provider in executing its buy and build strategy.
"We all welcome David to the board, his experience around executing buy and build strategies will be a great help as we deliver our strategy. We are looking at several potential acquisition opportunities already which will enable us to provide an even broader portfolio of products and solutions to our clients and an increased level of opportunity for our staff. This committed facility will support our strategy and enable us to move faster when assessing strategic acquisition opportunities. I look forward to hopefully announcing our first deal in the not too distant future"
HSBC UK has provided up to £200m in institutional debt to support the company entry into the residential mortgage market.
"LendInvest continues to attract investment onto our platform from some of the world's largest and most sophisticated investors. This new funding from HSBC is a further important step forward in the evolution of our business. We have shown to great effect how our technology-driven approach to lending can succeed in the specialist loans market. Our sights are now firmly set on continuing to build out our platform and on ultimately disrupting the £200 billion mainstream UK mortgage market."
The revolving credit facility will support major investments in beauty, technology and infrastructure.
"We are delighted to join The Hut Group’s core banking facility at this exciting time in the company’s development. This transaction is in line with the banks strategy of facilitating UK corporates with their trade flows to China and underlines our confidence in the THG management team."
The Caerphilly-based health technology firm has raised a funding package from Innovate UK and the Development Bank of Wales.
"Throughout my international practice in speech therapy, I have wanted to develop an innovative treatment that will help people communicate again after a stroke, brain injury, Parkinson’s or Dementia."
The funding was provided by NPIF - Mercia Debt Finance to back platform improvements.
"In an ever evolving marketing landscape, it’s imperative a platform provider like Force24 is in tune with the industry’s needs. We commit to offer our clients free training and support for life, and the unique insights we gain help us understand how we can further support the market. Mercia understands our ambitions clearly and we look forward to working with them and the Northern Powerhouse Investment Fund in the years to come, as our funding requirements evolve."
