11 Oct 2019
Investec Growth & Leveraged Finance provides senior debt facilities to EG
Investec Growth & Leveraged Finance (“Investec”) has provided senior debt facilities to refinance Eaton Gate's (“EG”) existing debt and to support the business' future growth both organically and through selective acquisitions.
Founded in 2016 by serial entrepreneur Gary Burke, EG has created a unique offering providing bespoke insurance solutions to both brokers and insurers. The senior debt facilities provided by Investec will enable EG to refinance existing debt and support the business’s future growth and expansion.
EG is a managing general underwriter (MGU) specialising in both UK commercial and home insurance. Through its bespoke technology software platform, EG has created a unique offering to brokers and insurers. The business has grown significantly since it was founded in 2016, by serial insurance entrepreneur Gary Burke. Gary, who previously founded and grew both iPrism Underwriting Agency and Home and Legacy Insurance, has over 35 years of experience within the sector and has built up strong relationships with the broker community.
Investec’s Helen Lucas commented:
“We’re proud to be backing Gary and his team, who bring with them a strong track record and years of experience. Insurance is a sector we know well, and as the industry dynamics continue to shift we are in a strong position to be able to support promising businesses in this market.”
For more information, please contact:
Luke O’Mahony, Investec (Public Relations) - 020 7597 5261
Fatima Ismat, Lansons (PR agency for Investec CIB) - 020 7566 9709
Investec Corporate and Investment Banking
Investec CIB is a division of Investec Bank plc, an international corporate and investment bank working with growth-orientated companies, institutions and private equity funds. Our people set us apart – empowered, straightforward and invested in our clients’ long-term success. We provide capital solutions, advice and ideas, along with bespoke investment solutions and access to capital markets. Founded in 1974, The Investec Group has grown successfully through its client focussed approach and its ability to serve diverse and evolving financial needs.
This press release is issued on behalf of Investec Bank plc. Registered address: 30 Gresham Street, London, EC2V 7QP. (Reg No. 489604). Investec Corporate and Investment Banking is a brand name of Investec Bank plc, which is a member of the London Stock Exchange.
Investec Bank plc (Reg. no. 489604) is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.