|About the transaction:
||Akur Capital originated the transaction, which has been widely credited as the UK’s first major peer-to-peer M&A deal. This follows Akur’s brokering of a £50 million underwriting facility onto the ThinCats’ lending platform, announced in February 2015.
Concurrently with completing the ThinCats acquisition, ESF Capital has announced plans to make ThinCats the first of a series of deals in the European business lending sector, providing acceleration capital to peer to peer businesses in the form of strategic and operating resource, investment capital and speciality lending capital. ESF Capital represents a European specialist investment firm.
Kevin Caley, Co-Founder and Chairman of ThinCats commented:
“We are grateful to the Akur team for their crucial role in both the underwriting and M&A transactions with ESF and for their support and advice over an extended period of time. From the early stages of identifying and introducing potential partners through to structuring and finalising both deals, we have been impressed with Akur’s commitment, professionalism and sector expertise throughout the process.”