Our unique ability to provide structured term lending on top of asset-based lending (“ABL”) allows borrowers to enjoy the working capital and cost benefits of ABL alongside a full-suite of term lending solutions. This hybrid offering is delivered from one team and enables us to deliver certainty for growth acquisitions, refinancing and wealth realisation to our Private Equity and Owner-managed clients. We are also able to provide ABL structures in isolation.
Against receivables, inventory, plant and machinery and property are non-amortising and fund working capital seasonality, as well as core acquisition debt.
Typical leverage between 1-3x on top of ABL facilities with the ability to structure amortising and bullet repayment profiles. Committed and Uncommitted acquisition/capex lines can be provided as required.
With underwriting and distributing capabilities for high quantums.
We support businesses making £/€3m EBITDA across the UK, Irish and Benelux markets and we have offices in London and Amsterdam.
Proven track-record of structuring and delivering solutions for private equity and owner-managed businesses.
Selected asset-based & cashflow lending deals:
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Meet the team
Origination
James Cullen
Head of Asset-based Lending, Direct Lending
I joined Investec in 2006 to help build and launch our blended asset based and cashflow offering. Before this I spent 17 years with Lloyds Commercial Finance, in various roles, culminating in running the Southern half of the business. During My time there, I was instrumental in pioneering the use of ABL structures in UK M&A transactions.
Nicholas Buxton
Direct Lending
My focus at Investec is on deal origination, structuring and execution of blended Asset Based & Cashflow lending transactions for growth companies, partnering directly with management teams, entrepreneurs and private equity sponsors. Deals I have worked on at Investec include NFT Distribution, Flamingo Horticulture, Freshpak Chilled Foods, Hanmere Polythene and Downton Logistics.
Danielle Van Den Elshout
Direct Lending
With over 20 years’ experience in the banking industry, I joined Investec in January 2024. I have direct responsibilities for the origination, structuring and execution of Integrated Asset Based & Cash flow lending transactions in The Benelux both for financial sponsors and (mid) corporate clients, which enables Investec to deliver certainty for growth, acquisitions, refinancing and wealth realisation. Prior to joining Investec I worked for ING Bank in Amsterdam where I undertook a variety of roles within Working Capital Solutions, Corporate Banking, Restructuring and Credit Risk Management. I hold a Master in Business Administration from Maastricht University, The Netherlands.
Chris Lamb
Direct Lending
I joined Investec in March 2014, originally into the Private Bank Finance team, and subsequently moved into the Growth and Acquisition Finance team in November 2015. Prior to this I qualified as a Chartered Accountant with E&Y in the financial services division and more recently worked at Barclays in the capital markets division of the investment bank.
Alex Hewitt
Direct Lending
Having joined from HSBC, my focus at Investec is on deal origination, structuring and execution of blended Asset Based & Cash Flow lending transactions for growth companies, partnering directly with management teams, entrepreneurs and private equity sponsors.
Chris Chatoor
Direct Lending
I joined at Investec in October 2023 and am responsible for analysis and execution of asset-based and cashflow lending opportunities. Prior to joining Investec, I worked in Growth and Origination Finance for National Australia Bank in Melbourne.
Portfolio
Ben Mills
Direct Lending
I joined Investec in 2007. Prior to this I qualified as a Chartered Accountant with BDO Stoy Hayward within their Transaction Services team.
Warren King
Direct Lending
I joined Investec in 2005 and first worked in Internal Audit followed by the Private Bank Treasury team. I joined the Growth and Acquisition Finance Team in 2011. My focus is on due diligence and portfolio management.
Hannah O'Leary
Direct Lending
As part of the portfolio team, I work closely with clients in the operation of their facilities. I focus on the day-to-day monitoring of risk and the resolution of client queries.
Laura Hall
Direct Lending
My focus is on portfolio management of existing clients with an asset-based & cashflow lending structure. Prior to joining Investec, I worked in audit qualifying as a Chartered Accountant.
Sumesh Nair
Direct Lending
I am a member of the ABL team based in Mumbai, where I support portfolio management for both existing and new clients. My focus is on the day-to-day monitoring of risk and resolving client issues. I joined Investec in August 2024 and bring over 14 years of experience in credit analysis, credit risk, and corporate banking. I hold a Master's degree in Financial Management from the Jamnalal Bajaj Institute of Management Studies (JBIMS).
Nikki Zidel
Direct Lending
I have been part of the Investec Group since 2018, qualifying as a Chartered Accountant in 2020. My experience covers various forms of structured lending. As part of the portfolio management team, I look after existing clients with an asset-based & cashflow lending solution.
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