Project Pumpkin – Alantra advises Nucleus on the arrangement of a senior financing facility for CBILS origination
SECTORFIG
ServiceSFABS
Alantra, an independent global investment banking and asset management firm, has advised Nucleus Commercial Finance Limited (“Nucleus” or “the Company”), an award winning UK Fintech platform, on the arrangement of a senior financing facility to support further origination of Coronavirus Business Interruption Lending Scheme (“CBILS”) loans.
Nucleus is a leading alternative lender, providing a comprehensive array of financing solutions to UK businesses. Founded in 2011, the Company has expanded its market presence rapidly and has now lent over £1.7bn since inception.
The transaction will allow Nucleus to increase CBILS lending to £200m, where the Company has been supporting UK businesses impacted by COVID-19.
Alantra advised the Company on the commercial aspects of financing facility as well as sourcing the preferred counterparty for the Company.
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