The Business
Advantedge Commercial Finance is a leading privately owned provider of invoice finance to UK SMEs looking to access fast, flexible, and straightforward funding for growth and working capital.
The Original Deal
In 2016, Mobeus invested £9 million to back the management buyout of Advantedge.
The Realisation
Mobeus sold its interest in Advantedge to eCapital Corp. (“eCapital”), a North American based provider of alternative financial solutions to businesses.
The Impact
With Mobeus’s support the business grew strongly, with revenues increasing 2.4x and EBITDA doubling. Advantedge secured a substantially increased £100m syndicated funding line to support its ambitious growth plans; completed a rebrand; launched two new regional offices; and acquired Henry Howard Cashflow Finance, which saw the business take on a new presence in Wales and the South West region. Mobeus secured 30% IRR and a 2.7x Money Multiple with this first exit from the current buyout fund.
