Marc Sefton and Kieran McSweeney have founded Aquilam Capital which launches this week.
Aquilam Capital focuses on investing and lending into companies in the speciality finance sector – this includes businesses in the consumer and SME finance, leasing and mortgage markets, and will offer both debt and equity solutions.
Aquilam Capital said it expected to complete six to eight quality transactions each year.
Aquilam Capital will consider transactions of up to £25m, although the typical range is likely to be around £2m-£10m.
Sefton and McSweeney have over 30 years’ combined sector experience at Barclays Capital, Morgan Stanley, RBS and Shawbrook. At Shawbrook, they jointly headed up a division delivering asset-backed finance solutions to consumer and SME finance businesses.
At Aquilam Capital, the duo said they would develop an advisory approach which capitalises on the team’s industry experience and insight to help businesses develop and grow over the medium to long-term. The firm will support management teams on all aspects of their business, from operations and risk through to strategic direction, funding and development.
Sefton said: “We recognised the need for an investment firm which can provide exciting, entrepreneurial businesses with the right type of funding, but one which will also be a business partner; providing hands-on help, challenge and support where it is of greatest value.”
McSweeney said: “We are combining exceptional deal transaction experience with corporate finance and operational expertise to create an offer which is unique in this market.”
The wider team includes Jamie Constable and Steve Curtis. Constable was the founder of Rcapital and has acquired more than 50 businesses. He is a specialist in corporate restructuring and turnaround, advising management teams on creating value and growing businesses. Curtis has run nearly 20 companies as either chief executive or chairman and has a proven track record of building and developing teams to grow businesses.
Aquilam Capital’s investment decisions will be based on a thorough assessment process for each deal, including a detailed analysis of the lifecycle of the assets being funded, benchmarking compliance processes and philosophy against regulatory standards, and best practice and product positioning. The team will also spend quality time in the business with both the operational and management teams.