Wed, 29 Jan 2020 | MBO/MBI
The senior management team at finance provider Signature Private Finance has completed a £16.8 million management buyout (MBO) of the business.
The buyout team was led by chief executive Tony Gilbertson, with finance director David Hughes and sales director Jon Preston. The MBO followed the securing of new funding from Foresight Group LLP.
Signature Private Finance was founded in 2012 and operates across the UK, with 12 staff working in offices in Birmingham, Cardiff, Edinburgh and London. The company recently achieved its lending target of £100 million.
Tony Gilbertson said: "This new investment will accelerate our growth strategy, helping our development of new products that more broadly support the needs of our clients and targeting new locations in order to better serve our growing national customer base.
"The significant increase in deals we have delivered in the preceding months gave us confidence to take this step at a time when the market is beginning to surge now the election is over and the uncertainty about Brexit has faded."
Gilbertson also hinted at further locations opening in future, saying the company would “continue to expand our ‘boots on the ground’ policy and open new offices to ensure every property hotspot is within easy reach of a professional lending team that understands the local market, ready to respond quickly to enquiries and shorten the lending process.”
Foresight Group partner James Livingston said: "Signature is well-positioned to accelerate its strong growth with the additional support and capital that Foresight will bring.
"Tony and his management team have developed a successful alternative lender with a good corporate culture and we look forward to working with them to take Signature through the next stage of its growth."
A successful Kent based web development company established for over 18 years has grown a diverse portfolio of active clients, some of which a well known brands.
As a RICS Regulated practice, the company provides chartered surveyor solutions throughout South East England. The business specialises in expert witness services, particularly for housing disrepair and leasehold disputes. The practice is often appro...
Presenting a superbly established ACCA Accountancy practice with £1 million turnover in the Greater London area.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.