One of the industry's biggest distributors has landed a colossal investment deal from a prestigious equity firm looking to cash in on the booming market.
Enterprise Finance has landed a minority investment from a £360 million fund from equity firm, ISIS.
ISIS Equity Partners has today announced a minority investment in specialist loan distributor, Enterprise Finance, in a transaction that values the business at £28 million. The investment will be made from ISIS V, a £360 million fund.
Speaking on the news, Danny Waters, CEO, Enterprise Finance, comments: “We are currently in a high-growth stage and have some major plans for Enterprise in both the short- and medium term. The investment by ISIS will enable us to invest in the company, realise those plans and build on the success we have achieved to date. This is an exciting time for the sectors we are in, all of which have a huge amount of untapped potential.”
Shani Zindel, ISIS Equity Partners, adds: “ISIS is backing an outstanding management team in a market-leading business. Danny Waters, Harry Landy and Enterprise are widely recognised as leaders in a growing and exciting market. We believe that the combination of ISIS and Enterprise is a compelling proposition, positioning us for continued success.”
The investment by ISIS will support the business as it looks to expand on its product offering and further increase its share in a growing market.
Enterprise was advised by James Lever, Alex John and Bill Troup of Livingstone Partners, who originated the transaction. Shani Zindel and Mark Turner will be joining the Enterprise board.
Enterprise is the UK’s largest specialist distributor of secured loans, also specialising in bridging finance and commercial mortgages.
Since its incorporation, the distributor has sourced and managed just under £1 billion of secured loans, bridging finance and commercial mortgages.
ISIS has funds under management of £1.2 billion as of 30 September 2013.
Danny Waters, CEO, has over a decade of experience in the specialist loans and mortgages sector and will continue to lead the business along with Sales Director, Harry Landy.
David Campbell, who successfully led the buy-out of wealth manager Tilney and its subsequent sale to Deutsche Bank, joined as Executive Chairman and shareholder in June 2013, followed by Emily Gestetner as CFO in January 2014.
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