LGB arranges £20 million MTN programme for Simply Asset Finance
LGB arranges £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.
Stefan Wolvaardt, Chief Financial Officer of Simply Asset Finance, commented:
“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.”