Advantedge Commercial Finance announces the purchase of its business by eCapital Corp (“eCapital”), a leading North American provider of speciality lending solutions to businesses with the existing management team retaining a 20% stake in the company.
The acquisition by eCapital is part of its continued plans to build on its full suite of products and to geographically diversify its business into the UK as it aims to move into the market previously populated by the mainstream banks.
The change of ownership will have no impact on the day to day running of the Advantedge business enabling it to continue to deliver on its plan to become the leading independent invoice finance provider of choice in the UK.
Commenting on the announcement, David Tilling CEO said, “The acquisition by eCapital is a great fit for our company. With the added funding and security that this transaction brings, it will create a tremendous opportunity for the further growth and diversification of this business together with the confidence and surety of a long-term backing.