Advantedge CF

A UK provider of invoice finance facilities for SMEs

www.advantedgecf.co.uk

Mobeus provided £8.7 million to back the management buyout of Factor 21, a UK provider of invoice finance facilities for SMEs. In January 2018, Factor 21 changed its name to Advantedge Commercial Finance.

THE BUSINESS

Advantedge is a provider of invoice finance to UK based SMEs from their locations in Oxfordshire, Manchester and Scotland. Since its establishment more than 15 years ago, Advantedge has funded over £2bn of invoices for its clients. Today the firm specialises in the provision of cashflow solutions to more than 400 SME clients with annual sales typically between £0.5 million and £6 million.

THE DEAL

Mobeus provided a combined debt and equity package to fund the MBO from the retiring vendor, taking a significant minority position alongside the management team, which rolled over substantial value.

THE PLAN

Mobeus is backing the Advantedge management team to grow from its two existing regional offices. Mobeus sees an attractive opportunity to capitalise on strong demand from SMEs for finance and service from alternative lenders and anticipates supporting the investment with further funding to build towards a nationwide footprint.

THE PEOPLE

Jonathan Gregory and Chris Price led the deal for Mobeus. Jonathan Gregory has joined the board.

Information

Jonathan Gregory
Sector:
Business Services
Type:
Management Buyout
Status:
Current
Date:
November 2016
Value:
£8.7 million
Leader:
Jonathan Gregory