Forklift truck importer and distributor Red Diamond Distribution Limited has been acquired by Mitsubishi Logisnext Europe, one of the world’s largest manufacturers of forklift trucks. This latest acquisition enables MLE to move forward with its program of integration and realignment of its global brand portfolio. Red Diamond has been the exclusive distributor of Mitsubishi forklift […]
PCF Bank, the AIM listed specialist bank, has completed a £711,000 ‘finish and exit’ bridging loan to support a client with the conversion of three barns in Somerset. The client required a refinance of their existing facility, funds to complete the remaining work and a small capital raise for their next project. PCF stepped in […]
Aspen Bridging has completed a complex £1.5m gross bridge-to-let (BTL) application on a luxury two-bedroom apartment in Mayfair, in doing so supporting a business plan not seen before in the UK. The overseas applicant will use the funds to purchase the property and then sell shares in the home to new owners, creating a timeshare ownership model […]
Specialist lender Together has provided a £7.5m bridging loan for an experienced student landlord to expand his portfolio. The entrepreneur, who owns property across the UK, had initially spent more than five months attempting to secure the finance he wanted to buy a purpose-built student accommodation block in Birmingham. As the deadline to complete the […]
Assetz Capital, the leading alternative lending platform specialising in funding SME housebuilders, and LDS, creators of the Sales Guarantee, announced today that they will partner to launch an end-to-end finance package for SME housebuilders, combining bespoke development loans with an LDS Sales Guarantee. The package will enable developers to obtain funding for up to 95% of project costs […]
Fiduciam, the institutionally funded bridging and development lender, has provided a £3.62 million loan to assist with both the acquisition and development costs of a conversion scheme in Newark-on-Trent. The 30-month facility was completed within two weeks of planning permission being granted. The project involves the conversion of a Victorian mill into 39 flats. The […]
YFM Equity Partners’ managed funds have sold their shareholding in specialist supplier of rubber-to-metal bonded components and rail suspension systems, Ferrabyrne Holdings Ltd, to Dellner Polymer Solutions, part of Sweden’s Dellner Group which is continuing its expansion in the UK. Dellner Polymer Solutions provides technologically advanced vibration control, rubber fabrication and bonding solutions for the global market. The […]
Arbuthnot Commercial ABL has structured a flexible funding facility to support Emerge Global’s investment in Seaspace International Forwarders Ltd (Seaspace), a specialist freight forwarding and logistics service provider operating from Gatwick. The new funding line increases the Group’s facility to £4.4m. The additional funding package supports the initial consideration and generates increased headroom for working […]
Specialist lender Together today announced it has broken its all-time lending record for the second month in a row. The finance group, which provides personal and commercial mortgages, bridging loans and development finance across the UK, revealed its monthly figures for May – and total new lending of £300.8m. The figure, which includes lending for […]
Sqwad, the platform that reinvents online brand partnerships and creates branded universes, announces a fundraising of €3m from Samaipata, an investment fund specialized in tech. Sqwad was founded by Anis Chagar, former Kearney consultant with a focus in eCommerce, Mohcine Heddi, former software engineer at the « Paris Brain Institute », and Mehdi Rifai, ex […]
