Led a £1.5m equity round, which included three institutional investors and a selection of value-added angel investors.
Arranged the provision of structured, subordinated debt from a managed special purpose vehicle to a unique affordable housing company. New Model structured the funding to satisfy the running yield requirements of the lender and the relatively complex cash flow profile of the borrower. The provision of subordinated debt enabled a superior return for the lender, as well as a secured subordinated debt position directly in the assets of the company through a bankruptcy remote special purpose funding vehicle.
Following a review of its business to streamline resources, a strategy was formed to re-focus the company on its most potentially profitable areas and improve shareholder value. The company had been loss-making for several years and the founding shareholder group was seeking an exit in the short-medium term. Since implementing the proposals that stemmed from the review, the company has returned to profitability.
£5.25m placement and restructuring for groundbreaking FinTech Company.