Caple launches management buy-in product through Shawbrook partnership
SME credit fintech Caple has launched a new loan product exclusively for management teams that want to acquire an SME through a management buy-in (MBI).
"Many ambitious management teams find it difficult to access suitable finance to acquire and grow a firm. This puts a brake on growth and job creation."
Caple is able to offer access to MBI funding of between £1m and £10m through its collaboration with Shawbrook Bank.
Caple’s technology platform supports a network of accountants and corporate finance advisers to larger SMEs who use the platform to identify suitable borrowers and prepare the loan application materials.
Following this analysis, Caple will deliver complete and standardised loan files to Shawbrook Bank, which will make the decision on the loan.
Dominic Buch, co-founder and managing partner at Caple, said: “Despite being small in number, missing middle firms make a disproportionate contribution to the economy, employing 3.5m people and turning over £639bn combined. But many ambitious management teams find it difficult to access suitable finance to acquire and grow a firm. This puts a brake on growth and job creation.
“Through our strategic relationship with Shawbrook Bank, we can now offer management teams the dedicated and focused finance they need to acquire and grow a firm.”
Nick Leitch, managing director of corporate lending at Shawbrook Bank, added: “The owners and management teams of the clients we work with are experienced professionals, often with very specific funding needs. Our focus at Shawbrook is in meeting these needs by delivering specialist funding and exceptional levels of service – values shared by Caple. MBIs tend to be highly idiosyncratic and often complex, so Caple’s proposition will ensure these businesses have a go-to purpose-built funding solution with the ongoing support of Shawbrook Bank.”
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