Fresh Thinking Capital Secures £25 Million Funding Facility from Foresight Group
SME lender Fresh Thinking Capital has secured a £25 million funding facility from Foresight Group.
The newly acquired debt facility is intended to help Fresh Thinking Capital to further grow its loan book and provide funding to its SME clients.
Fresh Thinking Capital is a Leeds-based company that provides short-term secured business loans to UK SMEs seeking prompt financing. The firm was founded in 2018 by Melanie Hird and Andrew Walls and has lent more than £50 million to almost 40 businesses. Melanie Hird and Oliver Bates, private debt manager at Foresight, both lauded the success of the deal.
Foresight Group was advised by Cadence Advisory on security and portfolio due diligence, SC Advisory Services on financial due diligence, Shakespeare Martineau on legal due diligence, and KryptoKloud on cyber due diligence.
Phil Dine and Andrea Unwin from Clarion’s banking team provided legal advice to Fresh Thinking Capital. Fresh Thinking Capital was advised by Clarion, The Duncan Chartered Accountants and Altenburg Advisory on legal matters, accounting and corporate finance respectively.