British Business Bank

British Business Bank, established in 2013, is a UK-based government-owned development bank. It facilitates economic growth by improving access to finance for smaller businesses. The bank offers a range of financial services, including asset-backed lending, leasing facilities, and start-up loans. Through its subsidiary, British Business Investments, it invests in finance providers, small-cap debt funds, and venture capital funds, typically committing between £5 million and £200 million. It also invests directly into Challenger Banks and alongside Angel Networks and Fund-of-Funds. The bank operates on a commercial basis, aiming to generate a return on its investments without any government advantage.

Steve Conibear

UKN Director, South West

Ian Connatty

Deputy Chief Investment Officer

Peter Garnham

Managing Director

Robert Greenwood

Senior Investment Manager

Adam Kelly

Managing Director

Andy Littlewood

Managing Director, IT Infrastructure and Operations

George Mills

Director - Deeptech, Direct and Co-Investments

Reinald de Monchy

MD

Mark Wilcockson

Senior Investment Manager-Regional Funds

Mark Sterritt

Director of Nations and Regions Funds

Sarah Newbould

Senior Investment Manager, Regional Funds

Past deals in Asset Management

Simply Asset Finance

Debt Financing in 2024
Simply Asset Finance, established in 2017 and headquartered in London, specializes in providing asset finance solutions to small and medium-sized businesses in the UK. The company offers hire purchase, finance leasing, and asset equity release services, enabling businesses to acquire equipment and release capital from existing assets. Simply Asset Finance differentiates itself through its digital platform, Simply Connect, which streamlines the funding process, from application to final payment, using automated tools and integrated data sources. This approach aims to deliver a faster, simpler, and more efficient service to its customers.

Liberty Leasing

Debt Financing in 2024
Liberty Leasing is an asset finance company. They offer a personal and flexible approach to asset and vehicle finance to a spectrum of businesses, from new start-ups to organizations and individuals. Liberty Leasing provides a personalized and flexible approach to asset and vehicle financing to a wide range of UK-based businesses, from start-ups to well-established corporations and high-net-worth individuals. Liberty Leasing also offers regulated consumer hire and credit agreements, as well as refinance services to help business customers free up capital from existing assets.

Apera Asset Management

Funding Round in 2023
Apera Asset Management LLP, established in 2016, is a London-based private equity firm specializing in private debt investments. It focuses on providing senior-secured, unitranche, subordinated equity, and equity co-investments to lower mid-market companies across Western Europe, including the UK, DACH region, France, Benelux, and the Nordic countries. Apera typically invests between EUR15 million and EUR50 million per deal, with a sector-agnostic approach. The firm prefers to invest alongside private equity sponsors but also considers deals without a financial sponsor, up to approximately 10% of its portfolio. In addition to investing, Apera offers asset management services to investors, providing financing solutions tailored to their needs.

Propel

Debt Financing in 2022
Propel was founded in 1996 with the goal of providing flexible and accessible financing to SMEs across the country. It specializes in a wide range of asset finance solutions to meet the needs of individuals and businesses. It aspires to take its services to the next level, to push the boundaries of what is available, and to create great customer experiences that are consistent with its values.

Allica Bank

Debt Financing in 2022
Allica Bank Limited is a digital bank based in the United Kingdom that specializes in providing a range of personal and business banking products and services. Incorporated in 2011 and renamed in September 2019, Allica Bank serves small and medium-sized enterprises (SMEs) by offering current accounts, overdrafts, commercial mortgages, asset finance, and foreign currency exchange. Additionally, the bank provides savings and investment products to retail customers. By leveraging modern technology and fostering local relationships, Allica Bank aims to empower businesses and facilitate financial growth in the community. The company operates as a subsidiary of Gravity Investments Limited and is headquartered in Reading, United Kingdom.

Allica Bank

Series C in 2022
Allica Bank Limited is a digital bank based in the United Kingdom that specializes in providing a range of personal and business banking products and services. Incorporated in 2011 and renamed in September 2019, Allica Bank serves small and medium-sized enterprises (SMEs) by offering current accounts, overdrafts, commercial mortgages, asset finance, and foreign currency exchange. Additionally, the bank provides savings and investment products to retail customers. By leveraging modern technology and fostering local relationships, Allica Bank aims to empower businesses and facilitate financial growth in the community. The company operates as a subsidiary of Gravity Investments Limited and is headquartered in Reading, United Kingdom.

Liberty Leasing

Venture Round in 2021
Liberty Leasing is an asset finance company. They offer a personal and flexible approach to asset and vehicle finance to a spectrum of businesses, from new start-ups to organizations and individuals. Liberty Leasing provides a personalized and flexible approach to asset and vehicle financing to a wide range of UK-based businesses, from start-ups to well-established corporations and high-net-worth individuals. Liberty Leasing also offers regulated consumer hire and credit agreements, as well as refinance services to help business customers free up capital from existing assets.

Apera Asset Management

Funding Round in 2021
Apera Asset Management LLP, established in 2016, is a London-based private equity firm specializing in private debt investments. It focuses on providing senior-secured, unitranche, subordinated equity, and equity co-investments to lower mid-market companies across Western Europe, including the UK, DACH region, France, Benelux, and the Nordic countries. Apera typically invests between EUR15 million and EUR50 million per deal, with a sector-agnostic approach. The firm prefers to invest alongside private equity sponsors but also considers deals without a financial sponsor, up to approximately 10% of its portfolio. In addition to investing, Apera offers asset management services to investors, providing financing solutions tailored to their needs.

Nebeus

Convertible Note in 2020
Nebeus is a financial platform established in 2014 in England, focused on integrating traditional finance with cryptocurrencies to enhance financial inclusion and asset management. It caters to a diverse clientele, including individuals, digital nomads, businesses, and various platforms, by providing a secure and user-friendly ecosystem. The platform enables customers to borrow, earn, send, and receive both cash and cryptocurrency, facilitating access to funds without the need to liquidate long-term investments. With over £30 million in transactions to date, Nebeus primarily operates in the UK and Europe, with plans for expansion into Latin America. The company's services are designed to empower users by allowing them to utilize their digital assets effectively and conveniently.

Simply Asset Finance

Debt Financing in 2018
Simply Asset Finance, established in 2017 and headquartered in London, specializes in providing asset finance solutions to small and medium-sized businesses in the UK. The company offers hire purchase, finance leasing, and asset equity release services, enabling businesses to acquire equipment and release capital from existing assets. Simply Asset Finance differentiates itself through its digital platform, Simply Connect, which streamlines the funding process, from application to final payment, using automated tools and integrated data sources. This approach aims to deliver a faster, simpler, and more efficient service to its customers.
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