Investments
Beechbrook Capital supports the MBO of Alpha Financial Markets Consulting
28 October 2013
28th October 2013 – Beechbrook Capital, one of Northern Europe’s most active lower mid-market private debt managers, has provided debt capital and an equity co-investment to support the buy-out of Alpha Financial Markets Consulting (“Alpha”) by Baird Capital and Alpha’s senior management team.
Founded in 2003, Alpha provides a range of consulting services with respect to back and front office improvements, information technology, benchmarking, acquisition integration, compliance, and regulatory and operational improvements.
The investment is the first made by the firm’s latest fund, Beechbrook Mezzanine II, which held a first close of €67 million in May. Institutional investors in the fund include the European Investment Fund and the UK Department of Business, Innovation and Skills (in conjunction with the Business Finance Partnership scheme). A final close on the fund is planned for the first half of 2014.
Beechbrook is at the forefront of a new generation of non-bank lenders helping to fill the structural gap in credit provision to small and medium-sized companies as banks focus on large corporate and capital markets activities.
Beechbrook partner Nick Fenn said: “Our investment in Alpha fits well with our strategy of supporting private companies with an enterprise value of €10 million to €100 million across a range of industries in the UK and Northern Europe. We expect to provide funding for several more transactions in the coming months.”