Public outsourcing company Interserve has sought a rescue deal from the UK government to help it with roughly £500m worth of debt, as Interserve lenders …
Paragon adds head of new business and recruits to sales team February 18, 2019 Arbuthnot Commercial ABL backs Ralph Coleman MBO for £2m
Arbuthnot Commercial Asset Based Lending (ABL) has provided a £2m invoice discounting facility for a management buy out of a retail food supply chain company, …
Italy’s Banca IFIS in Jungheinrich vendor finance partnership
Italy’s Banca IFIS has entered a vendor finance partnership with yellow goods manufacturer Jungheinrich in the country.…
CYBG gets capital boost from own weighting of SME portfolio
The BoE said CYBG could use its own model to weigh risk on its SME and corporate loanbook, improving the accuracy of its risk to asset ratio and the equity buffer in the bank.…
Santander UK provides £20m funding to automotive parts supplier
First Line, a UK-based supplier of automotive components to the vehicle aftermarket, has received £20m in funding from Santander UK.…
British Business Bank pumps £25m equity into Secure Trust Bank
British Business Investments, the investment arm of wholesale funder British Business Bank has injected £25m (€28m) of equity capital into Secure Trust Bank (STB).…
Handelsbanken Edgbaston backs Mechatronic for warehouse robot leasing
Handelsbanken UK has enter a vendor finance agreement with Birmingham-based Mechatronic to offer leasing on warehouse robots.…
PCF Bank to acquire media lessor Azule for £5.6m
PCF Bank has agreed to acquire media equipment lessor Azule Finance for £5.6m (€6.3m), which will give it access to a previously untapped asset class and a post-Brexit foothold in Europe.…
BNP Paribas appoints UK head for commercial vehicle leasing
BNP Paribas Leasing Solutions has appointed the UK head for Rental Solutions, the lessor’s unit for commercial vehicle leasing.…
SocGen seeks Poland exit as bids for Eurobank unit come in: report
Credit Agricole and others have bid for the acquisition of Societe Generale’s Polish subsidiary Eurobank, according to a report, as one of Europe’s biggest banks and lessors seeks an exit …
