Mayfair based private equity firm IW Capital has just completed its latest deal with Elevation Financial Group (EFG) – an acquisitive independent financial advisory firm which has to date completed nine acquisitions in the Birmingham to London corridor.
The financing represents IWC’s first senior convertible loan facility, offering investors either a redemption premium option or the right to convert a bullet amount to a minority equity stake at maturity.
EFG says the loan will enable it to continue with its successful programme of acquisitions pinpointing quality IFA firms in the South East and Midlands.
IW Capital adopts a sector agnostic approach to equity and debt investments, with a portfolio that includes fintech firm WeSwap, micro brewery Brewhouse & Kitchen and pet-sharing site BorrowMyDoggy. Following the successful launch of their debt arm at the end of 2016, IW Capital has offered senior and mezzanine debt to SMEs for acquisitions (incl MBOs and MBIs), refinancing, asset purchase and working capital needs. Loans are typically in the range of GBP500,000 to GBP2.5 million and are structured on a case by case basis.
IW Capital has provided funding for four separate debt deals to date, each serving as testament to their long-term commitment to support regional scale-ups through both private equity and debt based investment.
