Muzinich & Co. has reached the third close of the Muzinich Pan-European II Private Debt Fund (the Fund), at €342m.
 
The Fund focuses on providing growth capital to lower middle-market companies to fund acquisitions, expansions and transitions in family and founder-owned businesses. Muzinich & Co.’s locally-based teams work across Europe to deliver on-the-ground deal sourcing and origination. The Fund follows on from the successful €706.5mn closing of the firm’s first Pan-European Private Debt Fund in 2018.

Addition Capital, the London-based family investment office, has completed a control investment into Be-A Education Ltd, supported by funding from Shawbrook Bank.  Hertfordshire-based Be-A Education is the operator of the highly successful and fast-growing New Skills Academy and Staff Skills Training businesses with a mission to make learning accessible to consumers and businesses globally.  To date, the award-winning company has sold nearly 1 million courses to consumers in over 30 countries.

Ingenious has announced that Ingenious Real Estate Finance LLP has completed two new loans totalling £12.8 million to fund new residential development projects in North Devon and the Cotswolds.

Skin & Tonic, a skincare and wellbeing brand founded in Hackney, London, has secured £830,000 in funding, enabling it to fulfil increased production demands and expand its operations to Manchester. Driven by GC Angels, this includes a £605,000 investment from the angel investment service alongside private investors, as well as a £225,000 loan from NPIF – FW Capital, managed by FW Capital and part of the Northern Powerhouse Investment Fund (NPIF). 

Global syndicated loan volume totalled US$969.1 billion in 1Q21, a decline of 7.2% compared to volume recorded for the first quarter of 2020 according to Refinitiv LPC. 

Wysdom Dental Technologies has received £200,000 from the Midlands Engine Investment Fund, East & South East Midlands Debt Finance Fund, managed by Maven Capital Partners.

The Milton Keynes-based business plans to use the funding to invest in product development and launch its latest cloud-based software for dental practices in the UK.

The Recovery Loan Scheme, a new scheme to support access to finance for UK businesses as they recover and grow following the pandemic, has opened to applications. The scheme, announced at the Budget on 3 March 2021, is scheduled to run until 31 December 2021, subject to review.

NatWest has announced that it will offer SMEs up to £1million of cashflow funding through its digital overdraft alternative Rapid Cash, as it looks to support UK SMEs as they enter the next phase of economic recovery.

The British Business Bank has published Future Fund data that gives a detailed picture of the 1,236 companies that have been approved for £1.20bn (£1,203.7m) worth of Convertible Loan Agreements since the scheme was launched on 20 May.

The government has published new statistics that show businesses across the UK have to date benefitted from 1,630,155 government-guaranteed loans worth £75.1bn to support their cashflow during the crisis through schemes delivered by the British Business Bank.

Specialist lender Shawbrook has expanded its reach into the UK SME market by working with Caple.  Caple’s unique lending-as-a-service proposition provides an efficient means to reach and extend credit facilities to more British businesses.

To support their growth ambitions, London based Taylor & Hart has secured a total of £500,000 in loan funding  from The FSE Group, via The Greater London Investment Fund (GLIF) this includes £250,000 in conjunction with the government backed Coronavirus Business Interruption Loan Scheme (CBILS).