Enterprise Finance has received a major investment from ISIS Equity Partners.
The undisclosed amount values the business at £28m. The investment will be made from ISIS V, a £360m fund.
Danny Waters, CEO of the loan distributor, will continue to lead the business along with Harry Landy, Enterprise’s sales director.
David Campbell, who led the buy-out of wealth manager Tilney and its subsequent sale to Deutsche Bank, joined as executive chairman and shareholder in June 2013, followed by Emily Gestetner as CFO in January 2014.
The investment by ISIS will support the business as it looks to expand on its product offering and further increase its share in a growing market.
Enterprise was advised by James Lever, Alex John and Bill Troup of Livingstone Partners, who originated the transaction. Shani Zindel and Mark Turner will be joining the Board of Enterprise.
Waters said: “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.
“This is an exciting time for the sectors we are in, all of which have a huge amount of untapped potential.”
Zindel added: “ISIS is backing an outstanding management team in a market-leading business. 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 for continued success.”
