Specialist lender Bantry Bay Capital (Bantry Bay) has established a joint venture partnership with funds advised by Elliott Advisors (UK) Limited and its affiliates (Elliott).
Elliott Advisors (UK) Limited is an affiliate of Elliott Investment Management, a global fund manager with approximately USD41.8 billion in assets under management.
Bantry Bay will benefit from the deep financial resources of Elliott to support the next stage of its growth. The specialist lender will continue to provide supportive, non-dilutive debt capital solutions to corporates undergoing change. Bantry Bay focuses on asset-based financings, targeting transactions ranging from GBP10 million to GBP100 million-plus for private and publicly- listed companies across a wide array of industries.
Jonathan Levine, Partner at Bantry Bay, says: “Our joint venture with Elliott is an important step forward for our business. We are well-positioned to support corporate needs with flexible capital, at a time when the current environment has created even greater uncertainty for business.”
Richard Monahan, Associate Portfolio Manager at Elliott, says: “We are pleased to be partnering with a pre-eminent team at Bantry Bay to capitalise on a growing opportunity in the market and to provide much needed liquidity support to businesses underserved by traditional debt sources.”
