The firm’s sponsor franchise also supported PE-backed transactions with over £240m.
To date, ThinCats has lent over £1.9bn to businesses across the UK, while the company’s assets under management now stand at record levels of £800m.
Mike Hackett, CCO at ThinCats (pictured above), commented; “Over the past couple of years, we've seen huge challenges facing businesses of all sizes.
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“Cost inflation, energy bills and higher interest rates has led many to take and 'wait and see' approach.
“And while we've seen a drop in activity across the whole market, I am pleased that we have continued to grow and report increasing origination levels.
“As consumer and business confidence continues improve, alongside more favourable economic conditions, we are expecting a significant increase in M&A activity largely due to pent up demand.”
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