Lloyds Bank Corporate Markets has promoted Chris Birt to director in its Acquisition Finance team in London, reporting to Ian Sale.
Birt, 33, has eight years of experience at Lloyds Banking Group after joining the Corporate Banking graduate scheme and has held his current position since 2006.
During this time, Birt has led and co-led 20 private equity-backed mid market transactions, including providing leveraged debt to support Sovereign Capital’s recent acquisition of IMS Consulting Group and Lyceum Capital’s GBP17 million investment in Compact Media. In his new role, he will continue sourcing and executing deals.
“The Acquisition Finance team’s standing within the corporate finance arena has grown year on year since I joined the bank in 2002, and last year we were one of the most active leveraged finance providers nationally," says Birt. "I am looking forward to continuing to build on our excellent track record for credit quality and deliverability.”
Ian Sale, a managing director in the Acquisition Finance division of Lloyds Bank Corporate Markets, says: “Chris made a vital contribution to 2010’s success with a number of high profile deals. We are delighted to announce his promotion as we look to further our support for UK businesses’ through the provision of leveraged finance in the private equity market.”
During 2010, Lloyds Bank Corporate Markets’ Acquisition Finance team provided over £1.9 billion of debt, funding 52 deals with a combined enterprise value of over £6 billion.
