Quilam Capital, which provides debt and equity to companies in the speciality finance sector, has made a multi-million pound investment in a UK asset finance lender.
Quilam has provided mezzanine funding for Catfoss Finance, a lessor providing asset finance, hire purchase and asset refinancing into the UK SME market.
East Yorkshire-based Catfoss specialises in financing for hard and soft assets over a value of £5k, and deals with a number of brokers and introducers.
Quilam Capital said the funding was to facilitate the next stage of growth for Catfoss Finance by supporting its portfolio expansion, recruitment and its infrastructure.
Justin Owen, chief executive of Catfoss Finance said: “Finding the right partner, and not just a funder, who understands our business was critically important to us for the next phase of Catfoss. Quilam Capital’s approach has been supportive yet challenging, and we look forward to working closely with them over the next few years”.
Marc Sefton, co-founder and partner of Quilam said: “Catfoss’ track record of lending to SMEs through a number of cycles is first class, and we are delighted to be supporting the company’s strategic goals as they continue to grow.