Business Money
® Name of Lender
Mezzanine Finance Tel / Fax / E-mail / www Types of funds available
Finance East Loan Management Ltd
T: 01473 722910 –
enquiries@financeeast.com www.financeeast.com
Finance South East Ltd
T: 01276 608510 F: 01276 608539
jeff.dober@
financesoutheast.com financesoutheast.com
Indigo Capital LLP
T: 020 7397 1530 F: 020 7397 1531
indigo-capital.com
Intermediate Capital Group
T: 020 3201 7700 F: 020 7298 2536
ir@icgplc.com icgplc.com
Pricoa Capital Group
T: 020 7621 8420 F: 020 7621 8448
info@pricoacapital.com pricoacapital.com
Rabobank International
T: 020 7809 3000 F: 020 7809 3512
Adam.Willmott@rabobank.com rabobank.com
All information © Copyright Business Money Ltd 2010
Oil, as with equities, has continued on its’ upward path in anticipation of increasing demand on the back of economic recovery despite fears of another dip. It is almost as if as more commentators express concerns so the markets not only ignore them, but take a totally opposite stance.
Gold Focus/preferences Mezzanine
Companies with operations in the east of England: Essex, Suffolk, Norfolk, Cambridgeshire, Bedfordshire and Hertfordshire.
Mezzanine
Companies with operations in the south east of England excluding greater London.
Mezzanine capital for European businesses.
Mezzanine, senior debt minority equity over €20m.
All sectors considered – financing for acquisitions, buy-outs, expansion and re-capitalisation.
Acquisition fi nancing, buy-outs and recapitalisations for middle to upper mid-market companies across Europe, Asia-Pacifi c and North America.
Senior debt and mezzanine debt.
Mezzanine, senior debt, equity, securitisations and asset-backed instruments for MBOs, MBIs, LBOs, expansion, development and acquisitions and public to privates.
Middle market, traditional economy companies/growth capital, acquisition capital and refinancing.
Agriculture, consumer goods, industrial products, business services, transportation, food and beverages.
Contact Team size Offi ces
Stuart Ager 3 1
Jeff Dober 4 1
Kevin Murphy Christopher Howe 13 3
Steven Clarke 53 9
Jason Richardson 27 3
Adam Willmott 40 6
Investments
Investment range
Funds managed £50k-£200k £6.5m
Average investment
Not disclosed £50k –£200k
€10m – €100m
€20m – €250m
Senior debt: £20m – £150m Mezzanine: £10m – £20m
+£5m £10m Not disclosed Total invested Not disclosed Not disclosed
€1bn
€20m
€1bn
€9bn
€40m €10bn
Not disclosed
Not disclosed
Not disclosed n/a £20m Not disclosed The information in this table is updated every month. The Guide to Business Money Tables is on page 74 Gold
The continuing upward movement in the gold price is at least consistent with the fear of inflation and possible blips in the economic recovery. As I stated in previous articles gold will remain the safe haven whilst these fears abound as it is a natural hedge for investors.
Conclusion
Mr Cameron and the coalition government continue to drip feed headlines relating to proposed cuts but there still remains little detail about how they are to be achieved. The problem with a top down approach is that the final figure can only be achieved
in a haphazard way. The reason for this approach I suspect is a need for speed through which the government of the day seeks credibility. Unfortunately invariably the results are not achieved in a very efficient manner through confusion and protectionism amongst the troops on the ground. This can already be seen in one way through recent industrial unrest on the tubes and in the fire service. I suspect this is just the start of a winter of discontent. Let’s hope the government can hold the line despite an occasional wobble. The next step is to pave the way for economic growth. This is difficult to achieve as we cannot really compete in the manufacturing sector, at least not sufficiently to be the economic engine room of the country; expertise led activities such as IT and top end engineering tend not to be large employers; and our previous wealth creator, both for the country and the chosen few, the financial sector is still in the recovery room, although hopefully out of intensive care. Consumer led growth on a lake of credit is obviously not the way forward, so transition to a sustainable solution is bound to be slow. The construction sector has room for recovery partly by continuing to be underpinned by capital infrastructure
Business Money
projects, despite some cuts, and the need to re-establish the house building programme. The problem with the latter, albeit essential, economic activity is how to inject capital into the sector without ballooning credit through the mortgage market. I suspect the answer will be a combination of local government funded housing projects, a return to council housing under another name – something already in place via the housing associations, combined with continued growth in the rental market. Developers with housing stock on their books should be able to transfer these into property management companies deriving profits from rental income. The lack of bank finance has hindered this so far but the flow of finance could be encouraged as the capital base of the banking sector is restored and regulatory changes in the fund management sector could also release much needed capital. There is much to do if we are to
re-build UK Limited but a start has been made and the government now has the very difficult job of turning the fear of cuts today into hope and optimism for the future. We must all hope they succeed.
Chris Lee, City Risk Management Ltd, tel: +44 (0) 1473 211822
November/December 2010 61
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