Loan distribution business Enterprise Finance has closed an undisclosed investment round, backed by ISIS Equity Partners.
Enterprise Finance has been valued at £28 million after choosing to go down the equity finance route to fuel new growth.
The Hertfordshire business distributes secured loans, bridging finance as well as commercial mortgages, and has handed out some £1 billion since inception in 2002.
Made from the private equity firm’s £360 million ISIS V fund, the transaction will support the expansion of Enterprise Finance’s product offering and grow its market share.
Danny Waters, CEO of Enterprise Finance, says, ‘We are currently in a high growth stage and have some major plans for Enterprise in both the short and medium term.
‘The investment by ISIS will enable us to invest in the company, realise those plans and build on the success we have achieved to date.’
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Waters will continue to lead the business alongside sales director Harry Landy and David Campbell, who joined as executive chairman in 2013 following the leading of a buy-out involving wealth manager Tilney. Completing the executive line up is new CFO Emily Gestetner.
Enterprise Finance is not the only financial services business that ISIS has in its portfolio. Insurance broker Kingsbridge was backed at the beginning of 2014 by way of a £5 million deal.
ISIS Equity Partners partner Shani Zindel adds, ‘Danny Waters, Harry Landy and Enterprise are widely recognised as leaders in a growing and exciting market.
‘We believe that the combination of ISIS and Enterprise is a compelling proposition, positioning us or continued success.’