Cattles Invoice Finance has re-launched as Absolute Invoice Finance with a new £100m war chest to help the growth of established, new and start-up businesses.
Absolute is offering businesses the chance to access vital funding lines of between £25,000 and £2.5m, as it seeks to ease the pressures placed on entrepreneurial firms since the onset of the recession.
Absolute Invoice Finance began life in 2000 operating as Cattles Invoice Finance. AnaCap Financial Partners LLP purchased the business in 2009, since when we launched as Absolute Invoice Finance. AnaCap is a specialist private equity fund focused on investments in the financial services sector.
AnaCap recently closed its second fund, raising €575 million from investors including Goldman Sachs, Allianz, Honeywell, Morgan Stanley Alternative Investment Partners, State of New Jersey and Adams Street Partners. AnaCap total assets under management now exceed €920m. In May AnaCap completed the first ever acquisition of a UK deposit-taking bank by a private equity fund manager.
Today Absolute is one of the largest independent factoring companies in the UK. The confidence and financial support of a strong parent company means our solutions don’t have the restrictions associated with other types of financial organisations.
For further information on Invoice Finance or how Enable Finance Ltd can find the right Invoice Factoring company for your Companies specific requirements please contact Phillip Evans at test.enablefinance.com