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CLOSE BROTHERS GROWTH CAPITAL STRENGHTENS INVESTMENT TEAM
Close Brothers Growth Capital, the one stop shop providing equity and debt funding to mid-market companies, has strengthened its investment team with the appointment of Ashley Brady as Associate Director, who joins from 3i.
Bill Crossan, Managing Director at Close Growth Capital comments: “Ashley’s experience in equity investment combined with his operational background in sales and marketing will add extra depth to our team. His appointment increases the size of our investment team to six, and underlines Close Growth Capital ambitions in the lower mid-market.”
Brady joins from the new deal team at 3i where he worked on high profile deals such as the buy-out of Hayley Conference Centres. He was also responsible for origination, conducting direct marketing and research initiatives on over 250 businesses.
Commenting Brady said: “Close Growth Capital has the most attractive product in the market. If one funder provides all of the capital in a flexible way, there is a much lower execution risk for the seller. When private equity houses say they have certainty on a deal, what they are really talking about is only a small part of the overall investment. Close Growth Capital can provide certainty for the whole transaction. I am thrilled to be joining such a successful team.”
Prior to 3i, Brady worked in sales & marketing at a FTSE 100 company and began his career in strategy consulting advising large corporates on M&A and valuation. He completed his MBA from INSEAD in 2003 and was in the top 10% at Cambridge University, where he gained a 1st in Economics.
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For further information, please contact:
Equity Dynamics
Corinna Vere Nicoll 07825 326 440
Jane Kirby 07825 326 441
About Close Growth Capital (www.growthcapital.com)
Close Growth Capital provides combined equity and debt funding to UK mid market companies through a distinctive single source approach. This includes finance for management buy-outs/buy-ins, companies requiring growth capital and secondary buy-outs, with a typical transaction size of £5million - £30million.
The investment takes the form of a tailor-made instrument combining the best elements of a secured loan with those of equity. The management team in an MBO or MBI typically retain a greater proportion of their company’s equity and benefit from significantly enhanced flexibility in the repayment of the funding package.
Recent transactions include backing the £32 million secondary buyout of A-Gas International, the MBI of Toms Confectionery Ltd, and the acquisition of the confectionery arm of Burton's Foods for an undisclosed sum.
Close Growth Capital is authorised and regulated by the Financial Services Authority.
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