Funding mid-sized businesses in the wealth management sector
Our skills in cashflow lending are well-matched to funding wealth management businesses which typically have a high element of diversified, recurring income and a low level of tangible assets to act as potential security.
The UK’s ageing population and increasing reliance on personal pension arrangements mean that wealth management services continue to be in high demand. Nevertheless, increasing regulatory and compliance requirements are driving some smaller wealth management businesses to join forces in order to benefit from cost and operational efficiencies. In addition, private equity investors have become more active as consolidation activity has increased.
ThinCats has provided funding of more than £100m for both owner-managed and sponsor-backed wealth management businesses to support their growth ambitions.
Funding can be used to support:
Acquisitions - including “buy and build” strategies or other transfers in ownership such as MBOs or EOTs
Refinance
Growth Capital
Restructure
Benefits
Speed
From initial enquiry through to drawdown we aim to complete most transactions within 4-6 weeks
Certainty
We provide certainty to our borrowers by empowering our regionally based credit specialists to make lending recommendations and by providing transparency throughout the process. All backed up with readily available and substantive funding.
Flexibility
By building in interest only payment periods and using our committed facilities option, we can create payment and drawdown structures to accurately match the expected cashflow requirements of the borrower. We can also be flexible with covenants to align with planned EBITDA and liquidity performance.
Alignment
Our own capital is at risk so we seek to support borrowers through good and challenging times.
