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April 26, 2019

HTB Structured Asset Finance in £1m deal with marine companies

The specialist business finance division of Hampshire Trust Bank (HTB) has completed a £990,000 asset refinancing facility for a South Wales group of marine companies.

By Christopher Marchant

The specialist business finance division of Hampshire Trust Bank (HTB) has completed a £990,000 asset refinancing facility for a South Wales group of marine companies.

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The structured asset finance team used the existing fixed assets of the group to consolidate their current debt facilities, whilst taking a second charge over the freehold of the marinas. The facility delivers an annual saving of £300,000 which significantly improves cashflow and enabled the group to make considerable further investment.

Robert Still and Richard O’Brien joined HTB in November to develop the structured asset finance business as the division refocussed its proposition on niche asset classes. The team re-structures business debts with a typical ticket size ranging from £250k to £2.5m.

Robert Still, head of business development for structured asset finance said: “This facility highlights the high-level transactional skills at HTB when dealing with structured and complex cases.”

The customer added: “We are delighted to have agreed facilities with HTB, which together with our key funding partners, provides the group with conservative terms combined with the flexibility to respond to market opportunities. Robert and the team at HTB quickly demonstrated a deep understanding of our business and shared our enthusiasm for a long-lasting relationship.”

In January Hampshire Trust Bank promoted Louise McIntosh to operations director and appointed Nigel Pearce as a senior underwriter within its specialist business finance division.

McIntosh and Pearce are based in London and report to Jon Maycock, managing director of specialist business finance and Andrew Woodhouse, credit and risk director, respectively.

McIntosh has been part of the Specialist Business Finance division since she joined HTB earlier this year. McIntosh has 15 years operational and change management experience in the industry and joined from Amicus Finance where she project managed the launch of a new commercial mortgage division.

Prior to this, McIntosh worked at Aldermore Bank, and she started her career at ING Lease UK.

Bringing over two decades of experience to HTB, Pearce joins from Distribution Finance Capital where he served as risk director. Prior to this, Pearce was head of credit at Paragon Bank. Pearce also served as managing director at Five Arrows Business Finance and Fineline Media Finance.

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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