Neil Price has been appointed to head up the North West team at Lloyds TSB Corporate Markets acquisition finance, which provides leveraged finance to support private equity-backed transactions.
Price has a decade of experience at Lloyds Banking Group and joins from the acquisition finance team in London.
During 2009, he originated and executed five sponsor-led MLA mandates including the Palamon Capital Partners-backed GBP136m acquisition of Associated Dental Practices and additional debt funding for high street retailer Kurt Geiger.
His new role will be focused on working with private equity houses and intermediaries across the region to develop well structured and appropriately priced debt facilities to support the growth plans of local businesses.
Price says: “The acquisition finance team’s reputation within the corporate finance arena is strong throughout the North West and this year we have been one of the most active leveraged finance players nationally, providing financing for 23 transactions with a range of sponsors across various industries.
“I’m already getting stuck in with deal origination and execution and look forward to building up relationships with a local corporate finance community which has the experience and expertise to rival London.”
Mark Bolshaw, head of North and Midlands at Lloyds TSB Corporate Markets acquisition finance, adds: “Neil brings considerable knowledge and skills to the role and he is very well regarded in the London market. His appointment comes at a crucial time when transaction opportunities are increasing and he is already proving to be an excellent addition to the North West team.”
