UK-based asset finance provider Catfoss Finance has announced a block discounting partnership with investment manager Downing LLP.
In a statement, Catfoss said the facility would enable Catfoss to extend its reach to more UK SMEs, providing hire-purchase, leasing and refinance for business assets, the business.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Matthew Tate, managing director, Catfoss Finance, said:
“We are delighted to welcome Downing on board as our latest funding partner. This new relationship will further enhance our offering and enable us to continue with our growth expectations”
Ian Allder, head of block discounting at Downing, said:
“This new partnership marks our continued commitment to the block market. Downing is delighted to support Catfoss’ growth and, in turn, assist thousands of UK SMEs to realise their ambitions.”
GlobalData Strategic IntelligenceUS Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
London-based Downing (www.downing.co.uk) is an investment management business with over £1.4bn of assets under management.
In February 2018, Quilam Capital provided mezzanine funding for Catfoss Finance. In a statement, the funder said at the time that the funding was to facilitate the next stage of growth for Catfoss by supporting its portfolio expansion, recruitment and its infrastructure.
Quilam Capital makes mezzanine investment in UK SME lessor
