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Investec Direct Lending bilaterally supports CBPE with their investment into Apadmi

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Our role

Investec Direct Lending provided senior financing on a bilateral basis to support CBPE’s investment into Apadmi, a fast-growing digital products company with a mobile specialism.

CBPE required a flexible structure to support Apadmi with future acquisitions of adjacent businesses in the UK and EU. Investec were approached due to the proven ability to deliver bespoke solutions and grow with clients as they scale. Direct Lending are pleased to be able to support CBPE on another transaction, reinforcing a long-standing relationship.

Tom McDonnell, CBPE: “We’re really pleased to be working with Investec again, their speed to deliver and ability to support Apadmi’s ambitious plans made them the right partner for the business."

About Apadmi

Headquartered in Manchester and founded in 2009, Apadmi creates digital products for some of the biggest brands in the UK. Experts in mobile, it has delivered complex applications for BBC, NHS, Dominos, Co-op, Charles Stanley, Sykes Cottages and many more. Apadmi’s ability to integrate apps securely with the systems of its’ clients is unique in its market and has been a cornerstone of the company’s success.

About CBPE

CBPE was established in 1984 and formerly operated as Close Brothers Private Equity, but have been independent since completing a management buyout in 2008. They have raised three funds as an independent business, including the current fund, CBPE Capital X, which closed on capital commitments of £561 million in November 2020.