SME Capital are delighted to have supported Solingen Private Equity with their latest acquisition in the recruitment sector.
Solingen Private Equity is an independent private equity business based in Leeds. The firm is managed by private investors for private investors and focuses on supporting management teams in acquiring successful, profitable businesses and in providing equity growth finance to businesses to support their expansion plans.
Reporting on a confidential basis, the acquisition was attractive due to the long-term nature of placements, long term relationships, and a particular focus on areas earmarked for top up government support.
Commenting on the announcement Paul Betts of Solingen Private Equity said, “We are grateful to SME Capital for their support in the completion of what is a strategic acquisition for one of our portfolio companies. We are well matched with SME Capital, who like ourselves are focused on supporting small companies in the UK regions. Tim and the SME Capital team delivered a dynamic and timely solution, and we look forward to working with them.
SME Capital Regional Director, Timothy House added, “Solingen’s latest acquisition is a great fit to their portfolio and will allow them to leverage existing infrastructure into a sector that has strong and defensible characteristics as we progress into an uncertain 2023 environment.”
SME Capital have provided a bespoke funding solution which includes a capital repayment holiday and bullet repayment in order to soften the cash repayment profile.
Solingen were advised by Adrian Ballam and Olivia Brown at Ward Hadaway on the deal legals and SME Capital by Andrea Unwin and Phil Dine of Clarion.
If you would like to discuss acquisition financing in more detail or our wider funding capabilities do get in touch.
About SME Capital
SME Capital was founded to support the growing number of SMEs who face difficulty or frustration in accessing capital through traditional methods. We understand the importance of real and trusted relationships in the SME lending market and have dedicated Regional Directors based across the UK. By combining traditional lending expertise with the latest in data analytics, we are supporting established UK SMEs with their long-term objectives and business ambitions.
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