Cattles plc and AnaCap Financial Partners (“AnaCap”) have conditionally agreed terms for AnaCap to acquire the shares of Cattles Invoice Finance Limited and Cattles Invoice Finance (Oxford) Limited.
AnaCap is a specialist private equity fund focusing on pan-European investments in the financial services sector. It provides both operational and financing expertise to its investments, targeting those businesses with high growth, strong management teams or restructuring needs. Based in London, the fund has more than €920 million under management and is backed by highly regarded global institutional investors including Goldman Sachs, Honeywell, Morgan Stanley, Allianz and Adams Street Partners.
AnaCap’s combination of analytical and operational expertise will provide our existing management team with the resources we need for expansion. Their backing allows us to retain our independence and significantly enhances our ability to exploit the considerable potential for further growth and development within the SME lending market.
The transaction is subject to the approval of Cattles plc shareholders for which a circular is being issued. It will be very much business as usual over the coming months here in the Midlands. You will continue to benefit from the same dedicated contact points, access to rapid decision making, sensible and creative lending decisions and a fully operational local business centre.