Attract Capital, LLC announces the Firm's expansion into the United Kingdom
-- Attract Capital, a financial advisory firm, is expanding to the United Kingdom.
SETAUKET, New York, Aug. 27, 2014 /PRNewswire/ -- Attract Capital, LLC, known for its expertise in mezzanine finance, is expanding to the United Kingdom. The firm was founded in New York in the year 2000 to provide middle market companies direct access to the mezzanine lending market. Having grown successfully in the United States, the firm is expanding its market coverage to include the UK. According to founder, David Barnitt, the United Kingdom is an under-served mezzanine market, particularly in the lower middle market. Barnitt says, "The UK market has many great up and coming companies in need of capital to get to the next level. We believe our lending platform and structuring expertise will deliver the financing these companies need." Barnitt continues, "Mezzanine loans are both flexible and bespoke, and can be used to fund acquisitions, rapid growth or buy-outs." Barnitt indicated that its US- based lenders increasingly indicated an interest in seeing more deal flow out of the UK.
Attract Capital has history in the UK having assisted Tensator Ltd. the world leader in queuing products, with acquisition financing and its subsequent sale. Jeremy Williman, former owner of Tensator Ltd. states, "I have worked with Attract Capital for over 10 years. They have advised in many areas of business finance including M&A, diligence, mezzanine funding and general best practices. Throughout my affiliation with them, Attract Capital has provided exceptional service and the highest level of professional advice. David Barnitt is an exceptionally gifted adviser and delivers real value to businesses. In today's world, capital is very hard to find. Yet, Attract Capital has delivered capital for many companies who thought it impossible to obtain."
Attract Capital believes that its ability to source mezzanine finance will be well received by companies who are shut out of the bank loan market or find raising equity too expensive. Says Barnitt, "We have carved a strong niche in the US helping companies source flexible debt capital. We feel we can bring the same level of capital raising efficiency to UK companies."
Attract Capital was founded in the year 2000, as a gateway for closely held companies seeking direct mezzanine loans. Attract Capital saw the need for a single platform to combine market reach, structuring and service for the medium sized enterprise sector.
The firm works across the United States, the United Kingdom and Germany, and is committed to partnering with best of breed management teams to help them access capital. The firm has a strong reputation with mezzanine lenders in the US and UK, giving clients unique access to the best minds in the global mezzanine industry. Visit www.attractcapital.co.uk for more information.
For more information contact:
PR Contact: Susan Franco
Attract Capital
Phone: 631-689-5713
E-mail: sfranco@attractcapital.com
Website: www.attractcapital.com
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