Our unique ability to blend integrated asset based and cashflow lending enables us to deliver certainty for growth, acquisitions, refinancing and wealth realisation. We’re also able to provide asset based lending (ABL) structures in isolation.
Our unique ability to blend integrated asset based and cashflow lending enables us to deliver certainty for growth, acquisitions, refinancing and wealth realisation. We’re also able to provide asset based lending (ABL) structures in isolation.
Our solutions
Up to c£50m on a bilateral basis
With underwriting and distributing capabilities for high quantums.
Asset based revolvers
Against receivables and inventory (sometimes also fixed assets) are non-amortising and fund working capital seasonality, as well as core aquisition debt.
Term loans
Structured against sustainable cashflows (and sometimes fixed assets) to fund core debt requirements. Undrawn acquisition/capex lines can be provided as required.
Scenarios
For growth/acquisition finance (MBO/MBI or combination), buy and build, cash out, shareholder change, refinancing/recapitalisation and working capital.
Quantum
Linked to debt serviceability. We are not driven by arbitrary multiples or ratio splits between asset based revolvers and term loans.
Supporting privately-held corporates
Supporting both PE-backed and owner-managed corporates.
Businesses we can help
Asset-rich businesses with significant working capital or seasonal requirements
Businesses currently experiencing an inflexible debt structure
UK headquartered businesses with £2m+ EBITDA
High quality management teams in businesses that are compelling in their market
![James Cullen](/content/dam/united-kingdom/asset-finance/James_Cullen_quote-desk.jpg)
ESG relative to ABL is interesting due to ABL's relevance to ‘old world’ industries seen as classically lower on the ESG scale.
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![Alan Henderson](/content/dam/united-kingdom/corporates-and-institutions/allied-case-study-tabret.jpg)
We deal with one team at Investec, for the deal and on an ongoing basis, which is a real differentiator for us.
How we've helped other businesses succeed
![Image of a tanker truck approaching silos](/cdn-cgi/image/q=80,f=auto,fit=scale-down,onerror=redirect,metadata=none,w=518/content/dam/united-kingdom/corporates-and-institutions/2m-case-study-mobret.jpg)
2M
2M Holdings was set up by Mottie Kessler and a business partner in 2003. It provides chemicals and application know-how to a number of industries across many sectors from cosmetics, personal care and pharmaceuticals to automotive, water treatment and emissions reduction. Other chemicals companies cover some areas – but there are few that have such a broad range as 2M.
![Image of electric jack operator moving boxes in a warehouse](/cdn-cgi/image/q=80,f=auto,fit=scale-down,onerror=redirect,metadata=none,w=518/content/dam/united-kingdom/corporates-and-institutions/integrity-case-study-mobret.jpg)
Integrity Print
Integrity Print was founded in 1917, and while the services it offers have changed hugely over time, it still places a premium on customer service and reliability. Based near Bath, its 380-plus employees run 35 continuous web presses, five label presses and ten high volume laser printers, plus print finishing and mailing equipment.
![Image of two hands putting together the Polyco Heathline logo](/cdn-cgi/image/q=80,f=auto,fit=scale-down,onerror=redirect,metadata=none,w=518/content/dam/united-kingdom/corporates-and-institutions/polyco-case-mobret.jpg)
Polyco Healthline
Our funding structure blends asset based and cashflow lending which supported the merger transaction and provides substantial headroom for ongoing working capital, seasonality and growth requirements. Investec has provided a £44.5m facility to support the merger of BM Polyco and HPC Group, blending receivables and inventory revolvers with cashflow term lending.
![Image of a Downton lorry being loaded at a port by a crane](/cdn-cgi/image/q=80,f=auto,fit=scale-down,onerror=redirect,metadata=none,w=518/content/dam/united-kingdom/corporates-and-institutions/downton-cae-study-mobret.jpg)
Downton
is one of the UK’s leading privately owned logistics firms, with a strong reputation for quality and delivery – providing the flexibility of a local business but with national reach. The Downton family successfully built and developed the business from a single truck to now over 600 trucks and 1,000 trailers over the course of several decades. The majority of customers are blue-chip leading brands across a variety of sectors and include Dyson, Pets at Home, Fever-Tree and AB InBev UK.
![Image of people talking over a laptop in a business environment](/cdn-cgi/image/q=80,f=auto,fit=scale-down,onerror=redirect,metadata=none,w=518/content/dam/united-kingdom/corporates-and-institutions/tech_stream_mobile.jpg)
TechStream
Our funding structure blends asset based and cashflow lending which supported the merger transaction and provides substantial headroom for ongoing working capital, seasonality and growth requirements. Investec has provided a £44.5m facility to support the merger of BM Polyco and HPC Group, blending receivables and inventory revolvers with cashflow term lending.
![Image of bottles of spirits](/cdn-cgi/image/q=80,f=auto,fit=scale-down,onerror=redirect,metadata=none,w=518/content/dam/united-kingdom/cib/corporate-lending/allied-hero-listing.jpg)
Allied Glass
Allied Glass is a combination of two Yorkshire high-end specialist spirits bottle makers with a proud history from the 1870s. It moved into the spirits sector in the 1970s, when it built a strong reputation as a manufacturer of difficult-to-do and complex bottles. Allied Glass’ biggest sector today is whisky, which by 2014 was about 60% of its product base.
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About our team
Investec's Asset Based & Cashflow Lending offering forms part of the Growth & Leveraged Finance (G&LF) team. G&LF has been supporting the UK and Europe mid-market by lending to growth businesses for over 15 years. The 30+ strong team offers lending, private debt and capital markets capabilities to its private equity and corporate client base, spanning asset based and cashflow lending, senior secured debt (standalone, club/syndicate loans), RCFs, subordinated debt and minority equity. We originate, structure and provide debt solutions to growth orientated clients with EBITDA typically £2m-£75m EBITDA.
![default-zebra-2](/cdn-cgi/image/q=80,f=auto,fit=scale-down,onerror=redirect,metadata=none,w=575/etc.clientlibs/dotcom/clientlibs/dotcom/common/head/resources/images/zebras/default/default-zebra-2.png)
We keep earning our stripes
![2023 Fund Financing Lender of the Year award from The Drawdown Awards](/content/dam/united-kingdom/cib/award-logos/the-drawdown-awards-2023-fund-financing-lender-winner-investec.png)
The Drawdown Awards
Fund Financing Lender of the Year
2023
![Lender of the Year, Private Equity Awards 2023](/content/dam/united-kingdom/cib/award-logos/private-equity-awards-lender-of-the-year-bank-2023-award-logo.png)
Private Equity Awards
Lender of the Year - Bank
2023
![Private Equity Wire European Awards Best Fund Financing Solution of the year 2022](/content/dam/united-kingdom/cib/award-logos/private-equity-wire-2022-best-fund-financing-solution-awards-desk.jpg)
Private Equity Wire European Awards
Best Fund Financing Solution of the Year
2022
![Fund Financing Provider of the year, The Drawdown Awards 2022](/content/dam/united-kingdom/cib/award-logos/drawdown-awards-2022-fund-financing-provider-of-the-year-awards-desk.jpg)
The Drawdown Awards
Fund Financing Provider of the Year
2022
![Lender of the Year, Private Equity Awards 2022](/content/dam/united-kingdom/cib/award-logos/private-equity-awards-2022-lender-of-the-year-2022-awards-desk.jpg)
Private Equity Awards
Lender of the Year
2022
![Bank of the Year winner, Real Deals Private Equity Awards 2019](/content/dam/united-kingdom/cib/fund-finance-drawdown-awards.png)
Drawdown Awards
Fund Finance Provider of the Year
2021
![Investec Bank of the Year winner, the Private Equity Awards 2020](/content/dam/united-kingdom/corporates-and-institutions/PEA%202020%20Investec.png)
Private Equity Awards
Bank of the Year
2020 & 2019
![Winner, Bank Lender of the Year 2018](/content/dam/united-kingdom/corporates-and-institutions/unquote-award-2018.jpg)
British Private Equity Awards
Bank Lender of the Year
2018
Additional solutions for business