Extract from M&A Insights

The below story was originally featured in our daily M&A Insights Newsletter. Selected stories, including this one, are posted to our website with some weeks of delay.
Heartland to make investment in British Funding Circle Ltd.
September 4, 2018

Heartland, Anders Holck Povlen's invest company, have pledged to acquire a 10 % stake when Funding Circle aims to raise £300m in a stock market float valuing the company at up to £1.95bn. Funding Circle initially grew as a so-called peer-to-peer lender that matched retail investors and small companies on its website. It now has 1.9% of the small- and medium-sized enterprise lending market in the UK. Funding Circle reported GBP 94.5m in net sales but operating profits of approx. GBP 35m last fiscal year.

ⓘ This story was originally featured in our daily M&A Insights newsletter.
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