Contract news

Santander backs acquisition of forklift distributor with £3.3m

Santander Corporate & Commercial has provided Windsor Materials Handling with a £3.3m facility to acquire rival forklift supplier Geolift. Hull-based…

IGF provides £1m facility to clothes distributor M2C2

Independent Growth Finance (IGF) has provided a £1m (€1.1m) facility to M2C2, a Derbyshire-based clothes distributor. The facility is comprised…

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. The agreement with…

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 doubles Simply facility with extra £60m

The British Business Bank (BBB) has doubled the wholesale facility available to Simply Asset Finance, doubling the lessor's funding line…

Santander UK backs car hire provider for £1.2m fleet expansion

Santander UK's business banking division has provided a vehicle hire company in north-west England with £1.2m (€1.3m) to expand its…

Bibby FS agrees £1m facility to Tesco and Ocado supplier

Bibby Financial Services (BFS) has agreed a £1m facility to Babease, a manufacturer of baby food and supplier to a…

Bluestar, Conister provide leasing for UK drone distributor

Manx Financial Group-owned Bluestar Leasing has agreed a leasing partnership with UK drone distributor Uplift Drones, funded by Manx subsidiary…

MAF brokers SFS invoice finance deal for haulier

Midlands Asset Finance (MAF) has brokered an invoice finance deal for haulier Clarke Transport, funded by Siemens Financial Services (SFS).…

JLR adopts Leaselink platform for public sector fleet sales

Jaguar Land Rover (JLR) UK has selected Ebbon-Dacs’ e-procurement platform, Leaselink, to handle direct sales to fleet operators in the…

Close, Amicus, Leumi lessee goes bust with £4m outstanding

A debtor to Close Brothers Asset Finance, Leumi ABL and Amicus Asset Finance has gone into administration with around £4m…

NatWest and Lombard in joint financing to vet clinic

NatWest and Lombard have provided a newly-established veterinary clinic in Cambridgeshire with a funding package to set up its activities.…

PMD arranges £4.7m facility for NHS paracetamol supplier

Broker PMD Business Finance has arranged a £4.7m (€5.3m) facility for M&A Pharmachem, a supplier of paracetamol-based products to the…

Santander UK backs IT company management buy-out

Santander Corporate & Commercial has backed the management buy-out (MBO) of Excalibur Communications, a British IT and telecoms company, for…

Paragon structured lending sees first £17.5m wholesale deal

Paragon has provided a £17.5m (€20m) wholesale facility to a business loan provider in the first deal for the bank's…

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